<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
--------------------
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 29, 1999
CONSECO FINANCE SECURITIZATIONS CORP.
-------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 333-85119-01 41-1807858
- --------------------------------------------------------------------------------
(State or other jurisdiction (Commission (IRS employer
of incorporation) file number) identification No.)
1100 Landmark Towers, 345 St. Peter Street, Saint Paul, Minnesota 55102-1639
- --------------------------------------------------------------------------------
(Address of principal executive offices)
Registrant's telephone number, including area code: (651) 293-3400
Not Applicable
- --------------------------------------------------------------------------------
(Former name or former address, if changed since last report)
<PAGE>
Item 1. Changes in Control of Registrant.
Not applicable.
Item 2. Acquisition or Disposition of Assets.
Not applicable.
Item 3. Bankruptcy or Receivership.
Not applicable.
Item 4. Changes in Registrant's Certifying Accountant.
Not applicable.
Item 5. Other Events.
Not applicable.
Item 6. Resignations of Registrant's Directors.
Not applicable.
Item 7. Financial Statements and Exhibits.
(a) Financial statements of businesses acquired.
Not applicable.
(b) Pro forma financial information.
Not applicable.
(c) Exhibits.
The following is filed herewith. The exhibit numbers correspond
with Item 601(b) of Regulation S-K.
2
<PAGE>
Exhibit No. Description
----------- -----------
99.1 Computation Material of Bear Stearns & Co.,
Inc., dated October 29, 1999, distributed
in connection with $236,500,000
(approximate) Class A-1 through Class A-6,
Class M-1 and Class M-2 Notes for
Home Loans, Series 1999-G, issued by Conseco
Finance Home Loan Trust 1999-G, formed by
Conseco Finance Securitizations Corp.
99.2 Computation Material of Bear Stearns & Co.,
Inc., dated October 29, 1999, distributed
in connection with $34,375,000 (approximate)
Class B-1 and Class B-2 Certificates for
Home Loans, Series 1999-G, issued by Conseco
Finance Home Loan Trust 1999-G, formed by
Conseco Finance Securitizations Corp.
3
<PAGE>
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this Report to be signed on its behalf by the
undersigned hereunto duly authorized.
CONSECO FINANCE SECURITIZATIONS CORP.
By: /s/ Phyllis A. Knight
-----------------------------------
Phyllis A. Knight
Senior Vice President and Treasurer
4
<PAGE>
EXHIBIT 99.1
[LETTERHEAD OF BEAR STEARNS] [LETTERHEAD OF BEAR, STEARNS & CO. INC.]
FAX TRANSMITTAL
CONSECO HOME LOAN TRUST 1999-G
------------------------------
[GREEN TREE LOGO]
Term Sheets and Computational Materials (rev: 11/16 close, 12/15 first payment)
- --------------------------------------------------------------------------------
Fax to: Date: 10/29/99
Company: # Pages (incl. cover): 33
Fax No: Phone No:
- --------------------------------------------------------------------------------
From: Phone No:
- --------------------------------------------------------------------------------
STATEMENT REGARDING ASSUMPTIONS AS TO
SECURITIES, PRICING ESTIMATES, AND OTHER INFORMATION
The information contained in the attached materials (the "Information") may
include various forms of performance analysis, security characteristics and
securities pricing estimates for the securities addressed. Please read and
understand this entire statement before utilizing the Information. The
Information is provided solely by Bear Stearns, not as agent for any issuer, and
although it may be based on data supplied to it by an issuer, the issuer has not
participated in its preparation and makes no representations regarding its
accuracy or completeness. Should you receive Information that refers to the
"Statement Regarding Assumptions and Other Information," please refer to this
statement instead.
The Information is illustrative and is not intended to predict actual results
which may differ substantially from those reflected in the Information.
Performance analysis is based on certain assumptions with respect to significant
factors that may prove not to be as assumed. You should understand the
assumptions and evaluate whether they are appropriate for your purposes.
Performance results are based on mathematical models that use inputs to
calculate results. As with all models, results may vary significantly depending
upon the value of the inputs given. Inputs to these models include but are not
limited to: prepayment expectations (economic prepayment models, single expected
lifetime prepayments or a vector of periodic prepayments), interest rate
assumptions (parallel and nonparallel changes for different maturity
instruments), collateral assumptions (actual pool level data, aggregated pool
level data, reported factors or imputed factors), volatility assumptions
(historically observed or implied current) and reported information (paydown
factors, rate resets, and trustee statements). Models used in any analysis may
be proprietary making the results difficult for any third party to reproduce.
Contact your registered representative for detailed explanations of any modeling
techniques employed in the Information.
The Information addresses only certain aspects of the applicable security's
characteristics and thus does not provide a complete assessment. As such, the
Information may not reflect the impact of all structural characteristics of the
security, including call events and cash flow priorities at all prepayment
speeds and/or interest rates. You should consider whether the behavior of these
securities should be tested as assumptions different from those included in the
Information. The assumptions underlying the Information, including structure and
collateral, may be modified from time to time to reflect changed circumstances.
Any investment decision should be based only on the data in the prospectus and
the prospectus supplement or private placement memorandum (Offering Documents)
and the then current version of the Information. Offering Documents contain data
that is current as of their publication dates and after publication may no
longer be complete or current. Contact your registered representative for
Offering Documents, current Information or additional materials, including other
models for performance analysis, which are likely to produce different results,
and any further explanation regarding the Information.
Any pricing estimates Bear Stearns has supplied at your request (a) represent
our view, at the time determined, of the investment value of the securities
between the estimated bid and offer levels, the spread between which may be
significant due to market volatility or illiquidity, (b) do not constitute a bid
by any person for any security, (c) may not constitute prices at which the
securities could have been purchased or sold in any market, (d) have not been
confirmed by actual trades, may vary from the value Bear Stearns assigns any
such security while in its inventory, and may not take into account the size of
a position you have in the security, and (e) may have been derived from matrix
pricing that uses data relating to other securities whose prices are more
readily ascertainable to produce a hypothetical price based on the estimated
yield spread relationship between the securities.
General Information: The data underlying the Information has been obtained from
sources that we believe are reliable, but we do not guarantee the accuracy of
the underlying data or computations based thereon. Bear Stearns and/or
individuals thereof may have positions in these securities while the Information
is circulating or during such period may engage in transactions with the issuer
or its affiliates. We act as principal in transactions with you, and
accordingly, you must determine the appropriateness for you of such transactions
and address any legal, tax, or accounting considerations applicable to you. Bear
Stearns shall not be a fiduciary or advisor unless we have agreed in writing to
receive compensation specifically to act in such capacities. If you are subject
to ERISA, the Information is being furnished on the condition that it will not
form a primary basis for any investment decision. The Information is not a
solicitation of any transaction in securities which may be made only by
prospectus when required by law, in which event you may obtain such prospectus
from Bear Stearns.
<PAGE>
CONSECO HOME LOAN TRUST 1999-G
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Term Sheets & Computational Materials (rev: 11/16 close, 12/15 first payment)
OFFERED NOTES (Priced to 20% Optional Repurchase Date (1))
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
- ------------------- --------------- --------------- -------------- ---------------
Class A-1 Class A-2 Class A-3 Class A-4
- ------------------- --------------- --------------- -------------- ---------------
Size (2) $[45,100,000] $[48,600,000] $[24,700,000] $[30,900,000]
Rating AAA/Aaa AAA/Aaa AAA/Aaa AAA/Aaa
Pmt. Frequency Monthly Monthly Monthly Monthly
Payment Date 15th of month 15th of month 15th of month 15th of month
Dated Date (3) n/a, settle n/a, settle n/a, settle n/a, settle
flat flat flat flat
Record Date day before day before day before day before
pmt. date pmt. date pmt. date pmt. date
Coupon (4) [_._]% 30/360 [_._]% 30/360 [_._]% 30/360 [_._]% 30/360
Avg. Life
(call) - - - -
Mod. Duration
(call) - - - -
Avg. Life
(maturity) 0.85 2.00 3.00 4.02
Mod. Duration
(maturity) 0.80 1.80 2.60 3.33
1st Prin.
Pmt. Date (call) 12/15/99 04/15/01 07/15/02 04/15/03
Last Prin.
Pmt. Date (call) - - - -
Last Prin.
Pmt. Date
(mat.) 04/15/01 07/15/02 04/15/03 12/15/04
Prin. Lockout 0 mo. 16 mo. 31 mo. 40 mo.
(call)
Prin. Window
(call) - - - -
Prin. Window
(maturity) 17 mo. 16 mo. 10 mo. 21 mo.
Legal Final __/__/__ __/__/__ __/__/__ __/__/__
Credit *Excess Spread *Excess Spread *Excess Spread *Excess Spread
Enhancement *1.50% Init.OC *1.50% Init.OC *1.50% Init.OC *1.50% Init.OC
*Subordination *Subordination *Subordination *Subordination
Tax Status Debt for Tax Debt for Tax Debt for Tax Debt for Tax
ERISA (5)/ Yes/ Yes/ Yes/ Yes/
SMMEA No No No No
- ------------------- --------------- --------------- -------------- ---------------
[WIDE TABLE CONTINUES BELOW]
<S> <C> <C> <C> <C>
- ------------------- --------------- --------------- --------------- --------------
Class A-5 Class A-6 Class M-1 Class M-2
- ------------------- --------------- --------------- --------------- --------------
Size (2) $[35,900,000] $[12,800,000] $[20,625,000] $[17,875,000]
Rating AAA/Aaa AAA/Aaa AA/Aa A/A
Pmt. Frequency Monthly Monthly Monthly Monthly
Payment Date 15th of month 15th of month 15th of month 15th of month
Dated Date (3) n/a, settle n/a, settle n/a, settle n/a, settle
flat flat flat flat
Record Date day before day before day before day before
pmt. date pmt. date pmt. date pmt. date
Coupon (4) [_._]% 30/360 [_._]% 30/360 [_._]% 30/360 [_._]% 30/360
Avg. Life
(call) 7.04 8.33 6.83 6.83
Mod. Duration
(call) 5.14 5.79 4.89 4.73
Avg. Life
(maturity) 7.32 11.62 7.69 7.69
Mod. Duration
(maturity) 5.27 7.16 5.24 5.04
1st Prin.
Pmt. Date (call) 12/15/04 03/15/08 12/15/03 12/15/03
Last Prin.
Pmt. Date (call) 03/15/08 03/15/08 03/15/08 03/15/08
Last Prin.
Pmt. Date
(mat.) 05/15/10 06/15/13 06/15/13 05/15/13
Prin. Lockout 60 mo. 99 mo. 48 mo. 48 mo.
(call)
Prin. Window
(call) 40 mo. 1 mo. 52 mo. 52 mo.
Prin. Window
(maturity) 66 mo. 62 mo. 115 mo. 115 mo.
Legal Final __/__/__ __/__/__ __/__/__ __/__/__
Credit *Excess Spread *Excess Spread *Excess Spread *Excess Spread
Enhancement *1.50% Init.OC *1.50% Init.OC *1.50% Init.OC *1.50% Init.OC
*Subordination *Subordination *Subordination *Subordination
Tax Status Debt for Tax Debt for Tax Debt for Tax Debt for Tax
ERISA (5)/ Yes/ Yes/ Yes/ Yes/
SMMEA No No No No
- ------------------- --------------- --------------- --------------- --------------
</TABLE>
(1) Class A-5, A-6, M-1 and M-2 priced to the 20 % optional repurchase date.
(2) Bonds subject to a 5% variance.
(3) Notes will settle flat via DTC, Euroclear and Cedel.
(4) Interest shortfalls will be carried forward, and will bear interest at the
applicable Note Interest Rate, to the extent legally permissible.
(5) ERISA eligibility for Class B-1 and B-2 to be determined.
RECIPIENTS of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 2 BEAR STEARNS
<PAGE>
CONSECO HOME LOAN TRUST 1999-G
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Terms Sheets & Computational Materials (rev: 11/16 close, 12/15 first payment)
Preliminary SUMMARY of TERMS
Issuer: Conseco Home Loan Trust 1999-G
Seller: Conseco Finance Securitizations Corp. ("Conseco
Securitizations")
Servicer: Conseco Finance Corp. ("Conseco Finance")
(On November 1, 1999, Green Tree Financial Corporation
will change its name to Conseco Finance Corp.)
Indenture Trustee: U.S. Bank Trust National Association
Owner Trustee: Wilmington Trust Company
Underwriter: Bear, Stearns & Co. Inc.
Cut-off Date: September 1, 1999.
Offering: The Notes will be issued publicly from the Conseco shelf
registration. Only the Class A-1 through A-6 Notes (the
"Class A Notes"), Class M-1 and Class M-2 Notes are
being offered.
Form & Registration: Book-entry form, same day funds through DTC, Euroclear
and Cedelbank
Expected Pricing: November 1, 1999
Settlement Date: November 16, 1999 (the actual date of the closing, the
"Closing Date")
Payment Date: The 15th day of each month (or if such 15th day is not a
business day, the next succeeding business day)
commencing in December 1999].
Payment Delay: With respect to all Classes of Notes, there will be no
delay days.
ERISA: It is expected that the Class A Notes will be ERISA
eligible.
Tax Status: The Notes will be treated as debt obligations.
SMMEA Treatment: The Notes will not constitute "mortgage related
securities" for purposes of SMMEA.
RECIPIENTS of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 3 BEAR STEARNS
<PAGE>
CONSECO HOME LOAN TRUST 1999-G
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Terms Sheets & Computational Materials (rev: 11/16 close, 12/15 first payment)
Preliminary SUMMARY of TERMS (cont'd)
Distributions: The amount available for payments on the Notes will
generally consist of payments made on or in respect of
the Loans ("Amount Available"), and will include amounts
otherwise payable to the Servicer (as long as Conseco
Finance is the Servicer) as the Monthly Servicing fee
with respect to the Loans, [to Conseco Finance as the
Guaranty Fee], and to the Owner Trust Certificateholders
per the application of the Formula Principal
Distribution Amount, the applicable Class percentages,
and the applicable Class distribution tests as follows:
1) to Class A Notes for the payment of interest;
2) to Class M-1 for the payment of interest;
3) to Class M-2 for the payment of interest;
4) to Class B-1 for the payment of interest;
5) sequentially to Class A-1 through A-6 for the
retirement of principal, until all Class A Notes have
been reduced to zero;
6) to Class M-1 for the retirement of principal, subject
to the Class M-1 Distribution Test;
7) to Class M-2 for the retirement of principal, subject
to the Class M-2 Distribution Test;
8) to Class B-1 for the retirement of principal, subject
to the Class B-1 Distribution Test;
9) Liquidation Loss Interest payable first to Class M-1,
then to Class M-2, then to Class B-1;
10) to Class B-2 for the payment of interest; and
11) to Class B-2 for the retirement of principal,
subject to the Class B-2 Distribution Test.
RECIPIENTS of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 4 BEAR STEARNS
<PAGE>
CONSECO HOME LOAN TRUST 1999-G
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Terms Sheets & Computational Materials (rev: 11/16 close, 12/15 first payment)
Preliminary SUMMARY of TERMS (cont'd)
Purchase Option/ 20% optional repurchase, or subsequent auction sale
Auction Sale subject to certain requirements:
Commencing on the first Payment Date when the scheduled
principal balance of the loans is less than or equal to
20% of the aggregate principal balance of the sum of the
Initial Loans on the closing date and the Additional
Loans ("Optional Repurchase Date"), the holder of the
Certificates will have the right to repurchase all of
the outstanding loans, at a price sufficient to pay the
aggregate unpaid principal balance of the Notes and all
accrued and unpaid interest thereon.
If the holder of the Certificates does not exercise this
purchase option, then:
a) on the next Payment Date the Indenture Trustee
will begin an auction process to sell the loans
and the other trust assets at the highest
possible price, but the Indenture Trustee cannot
sell the trust assets and liquidate the trust
unless the proceeds of that sale are sufficient
to pay the aggregate unpaid principal balance of
the Notes and all accrued and unpaid interest
thereon; and
b) if the auction of the trust property is not
successful because the highest bid received was
too low, then on each Payment Date thereafter
all of the Amount Available remaining after
payments of i) interest and principal due on all
Notes, and ii) all servicing fees are made, will
be used to make additional payments of principal
to all outstanding Noteholders, pro rata based
on the then outstanding principal balance of
such Notes. In addition, the Indenture Trustee
will continue to conduct an auction of the loans
every third month thereafter, until an
acceptable bid is received for the trust
property. The Certificateholders' purchase
option will expire upon the Indenture Trustee's
acceptance of a qualifying bid.
Collateral: Fixed-rate, home improvement contracts and promissory
notes and fixed rate, closed-end home equity loans (the
"Loans") secured by first, second, third, or fourth
priority liens on the related properties and, in
general, having a high combined loan-to-value ratio at
origination.
Additional Collateral
and Pre-Funding
Account: The data set forth below is based solely on the Loans
identified for inclusion as of the Cut-off Date
("Initial Loans"). Certain additional Loans will be
added to the Trust on or after the Closing Date
("Additional Loans"). It is expected that the Additional
Loans will have characteristics that are substantially
similar to the Initial Loans.
If the aggregate principal balance of the Loans
transferred to the trust on the Closing Date is less
than sum of the aggregate original principal balance of
the Notes and the Initial Overcollateralization Amount,
that difference will be deposited in a pre-funding
account. The pre-funding account will be used to
purchase subsequent Additional Loans during the period
from the closing date until the earliest of:
(1) the date on which the amount on deposit in the
pre-funding account is less than $10,000;
(2) 31 days after the closing date;
(3) the date on which a servicer termination event
occurs as described in the Sale and Servicing
Agreement.
RECIPIENTS of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 5 BEAR STEARNS
<PAGE>
CONSECO HOME LOAN TRUST 1999-G
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Terms Sheets & Computational Materials (rev: 11/16 close, 12/15 first payment)
Preliminary SUMMARY of TERMS (cont'd)
Prepayment Pricing
Speeds Assumption
(HELs and HILs): A constant prepayment of 0% per annum of the then
outstanding principal balance of the Loans in the first
month of the life of the Loans and an additional
approximately 1.14% per annum in each month thereafter
until the fifteenth month. Beginning in the fifteenth
month and thereafter during the life of such Loans, a
constant prepayment rate of 16% per annum each month.
Credit Enhancement: Credit enhancement with respect to the Notes will be
provided by subordination and overcollateralization:
(a) Subordination: The Class A Notes are senior to the
Class M and the Class B Notes. The Class M Notes are
senior to the Class B Notes.
Class A-1 through A-6: 28.00% subordination (Class M-1,
M-2, B-1 and B-2 and Certificates)
Class M-1: 20.50% subordination (Class M-2, B-1 and
B-2 and Certificates)
Class M-2: 14.00% subordination (Class B-1 and B-2
and Certificates)
Class B-1: 8.75% subordination (Class B-2 and
Certificates)
Class B-2: Limited Guaranty (which will not benefit
any other class directly or indirectly)
and Certificates
(b) Initial Overcollateralization: The sum of the
aggregate cut-off date principal balances of the Loans
included in the trust as of the closing date plus the
amount on deposit in the pre-funding account on the
closing date will exceed the aggregate principal balance
of the Notes on the closing date by approximately
$[4,125,000] ("Initial Overcollaterization Amount"),
which represents approximately [1.50]% of the aggregate
principal balance of the Loans included in the trust as
of the closing date plus the amount on deposit in the
pre-funding account on the closing date.
Losses on
Liquidated Loans: If Net Liquidation Proceeds from Liquidated Loans in the
respective collection period are less than the Scheduled
Principal Balances of such Liquidated Loans plus accrued
and unpaid interest thereon, the deficiency will be
absorbed by excess interest and overcollateralization,
then the Guaranty Fee otherwise payable to Conseco
Finance, then the Monthly Servicing Fee otherwise
payable to the Servicer (as long is Conseco Finance is
the Servicer), then the Class B-2 Noteholders, then the
Class B-1 Noteholders, then the Class M-2 Noteholders
and then the Class M-1 Noteholders, [then the Class A
Noteholders on a pro-rata basis.]
Servicing Fee: The primary compensation to be paid to the Servicer in
respect of its servicing activities will be 0.75% per
annum, payable monthly. The fees due to the Trustees
will be paid from the Servicing Fee.
Advancing: If the amount collected on a Loan during a due period is
less than the scheduled amount due, the servicer will be
obligated to make an advance of the uncollected amount.
The servicer will be obligated to advance a delinquent
payment on a Loan only if the servicer expects to
recover the advance from subsequent available funds. An
advance will be deemed recoverable only within the first
180 days of delinquency on the loan and if default
thereon has not occurred.
RECIPIENTS of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 6 BEAR STEARNS
<PAGE>
CONSECO HOME LOAN TRUST 1999-G
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Terms Sheets & Computational Materials (rev: 11/16 close, 12/15 first payment)
Preliminary SUMMARY of TERMS (cont'd)
[Interest (Class A-1
as Floater): With respect to any Payment Date, the Class A-1 Notes
will be entitled to interest accrued from and including
the preceding Payment Date (or from and including the
Closing Date in the case of the first Payment Date) to
and including the day prior to the then current Payment
Date (the "Class A-1 Accrual Period") at the Class A-1
Note Rate on the aggregate principal balance of the
Class A-1 Notes.]
The Class A-1 Notes will bear interest at a variable
Note Interest Rate calculated on an actual/360 basis.
The Note Interest Rate for the Class A-1 Notes will be
floating and will equal the lesser of :
i. one-month LIBOR plus the Class A-1 Margin;
ii. the Available Funds Rate; or
iii. [__.__]%.
The "Class A-1 Margin" will equal [___%] per annum. The
"Available Funds Rate" for any Payment Date will be a
rate per annum equal to the weighted average of the
Expense Adjusted Contract Rates on the then outstanding
Loans. The "Expense Adjusted Contract Rate" on any
contract is equal to the then applicable Contract
Interest Rate thereon, minus 0.75% per annum, which is
the sum of the servicing fee and the trustee fees.]
[Class A-1 Available
Funds Cap Carryover: If on any Payment Date, the Class A-1 Note Interest Rate
is based on the Available Funds Rate, holders of such
Notes will be entitled to receive the Available Funds
Cap Carryover Amount to the extent funds are available
after payments of all interest and principal due on the
Class A, Class M and Class B Notes for such Payment Date
have been made and certain fees and expenses have been
paid. The "Available Funds Cap Carryover Amount" is the
excess of (i) the amount of interest the Class A-1
Noteholders would be entitled to receive on such Payment
Date had interest been calculated based on one-month
LIBOR plus the Class A-1 Margin (but in no event
exceeding [___]%) over (ii) the amount of interest such
Class will receive on such Payment Date at the Available
Funds Rate, together with the unpaid portion of any such
excess from prior Payment Dates (and interest accrued
thereon at the then applicable Class A-1 Note Interest
Rate, without giving effect to the Available Funds Rate,
but in no event exceeding [___]%). The ratings assigned
to the Class A-1 Notes do not address the likelihood of
the payment of any Available Funds Cap Carryover
Amount.]
Interest (Class A-1
through M-1, M-2, B-1): Interest will be payable first to the Class A Notes
pro-rata, then to the Class M-1 Notes, then to the A-6,
Class M-2 Notes and then to the Class B-1 Notes.
Interest on the outstanding Class A Note Principal
Balances, Class M- I Adjusted Principal Balance, Class
M-2 Adjusted Principal Balance and Class B-1 Adjusted
Principal Balance, as applicable, will initially accrue
from the Closing Date and thereafter will accrue from
the most recent Payment Date on which interest has been
paid, in each case to but excluding the following
Payment Date, with such interest accruing on a 30/360
basis.
Interest shortfalls will be carried forward, and will
bear interest at the applicable Note Interest Rate, to
the extent legally permissible.
The Class A [(other than the Class A-1)], Class M and
Class B Notes will bear interest at a fixed Note
Interest Rate.
RECIPIENTS of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 7 BEAR STEARNS
<PAGE>
CONSECO HOME LOAN TRUST 1999-G
- --------------------------------------------------------------------------------
Terms Sheets & Computational Materials (rev: 11/16 close, 12/15 first payment)
Preliminary SUMMARY of TERMS (cont'd)
Adjusted Principal
Balances: The Class M-1 Adjusted Principal Balance is the Class
M-1 Principal Balance less any Class M-1 Liquidation
Loss Principal Amount. The Class M-1 Principal Balance
is the Original Class M-1 Principal Balance less all
amounts previously distributed on account of principal
of the Class M-1 Notes.
The Class M-2 Adjusted Principal Balance is the Class
M-2 Principal Balance less any Class M-2 Liquidation
Loss Principal Amount. The Class M-2 Principal Balance
is the Original Class M-2 Principal Balance less all
amounts previously distributed on account of principal
of the Class M-2 Notes.
The Class B-1 Adjusted Principal Balance is the Class
B-1 Principal Balance less any Class B-1 Liquidation
Loss Principal Amount. The Class B-1 Principal Balance
is the Original B-1 Principal Balance less all amounts
previously distributed on account of principal of the
Class B-1 Notes.
Principal
(Class A-1 through
A-6, M-1, M-2, B-1): After the payment of all interest payable to Class A-1,
Class A-2, Class A-3, Class A-4, Class A-5, Class A-6,
Class M-1, Class M-2 and Class B-1 Noteholders,
principal will be distributed in the following manner:
RECIPIENTS of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 8 BEAR STEARNS
<PAGE>
CONSECO HOME LOAN TRUST 1999-G
- --------------------------------------------------------------------------------
Terms Sheets & Computational Materials (rev: 11/16 close, 12/15 first payment)
Preliminary SUMMARY of TERMS (cont'd)
Class A Principal: On each Payment Date, after the payment of all interest
payable to the Class A, Class M-1, Class M-2 and Class
B-1 Noteholders and payment of certain expenses of the
Trust, and to the extent of the remaining Amount
Available, Class A Noteholders will be entitled to
receive, as payments of pricnipal, the Class A
Percentage of the Formula Principal Distribution Amount
in the following order of priority: first, to the Class
A-1 Noteholders until the Class A-1 Principal Balance
has been reduced to zero, then to the Class A-2
Noteholders until the Class A-2 Principal Balance has
been reduced to zero, then to the Class A-3 Noteholders
until the Class A-3 Principal Balance has been reduced
to zero, then to the Class A-4 Noteholders until the
Class A-4 Principal Balance has been reduced to zero,
then to the Class A-5 Noteholders until the Class A-5
Principal Balance has been reduced to zero, then to the
Class A-6 Noteholders until the Class A-6 Principal
Balance has been reduced to zero.
The Class A Percentage for any Payment Date will equal a
fraction, expressed as a percentage, the numerator of
which is the Class A Principal Balance as of such
Payment Date, and the denominator of which is the sum of
(i) the Class A Principal Balance, (ii) if the Class M-1
Distribution Test is satisfied on such Payment Date, the
Class M-1 Adjusted Principal Balance, otherwise zero,
(iii) if the Class M-2 Distribution Test is satisfied on
such Payment Date, the Class M-2 Adjusted Principal
Balance, otherwise zero, (iv) if the Class B-1
Distribution Test is satisfied on such Payment Date, the
Class B-1 Adjusted Principal Balance, otherwise zero,
and (v) if the Class B-2 Distribution Test is satisfied
on such Payment Date, the Class B-2 Principal Balance,
otherwise zero, in each case as of such Payment Date.
The "Formula Principal Distribution Amount" with respect
to each Payment Date will generally be equal to the sum
of (I) all scheduled payments of principal due on each
outstanding Loan during the related Due Period, (ii) the
Scheduled Principal Balance of each Loan which, during
the related Due Period, was repurchased by the Company,
(iii) all partial principal prepayments applied and all
principal prepayments received during such Due Period in
respect of the Loans, (iv) the scheduled principal
balance of each Loan that became a liquidated loan
during such related Due Period, and (v) any amount
described in clauses (i) through (iv) above that was not
previously distributed because of an insufficient amount
of funds available if: (a) the Payment Date occurs on or
after the Payment Date on which the Class B-2 Principal
Balance was reduced to zero, or (b) such amount was not
covered by a Class B-2 Guaranty Payment and
corresponding reduction in the Class B-2 Principal
Balance.
RECIPIENTS of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 9 BEAR STEARNS
<PAGE>
CONSECO HOME LOAN TRUST 1999-G
- --------------------------------------------------------------------------------
Terms Sheets & Computational Materials (rev: 11/16 close, 12/15 first payment)
Preliminary SUMMARY of TERMS (cont'd)
Class M-1 Principal: Class M-1 Noteholders will be entitled to receive, to
the extent of the remaining Amount Available, the Class
M-1 Percentage of the Formula Principal Distribution
Amount on each Payment Date on which (i) the Class A
Principal Balance has been reduced to zero or (ii) the
Class M-1 Distribution Test is satisfied, until the
Class M-1 Principal Balance has been reduced to zero.
The Class M-1 Percentage for any Payment Date will equal
(a) zero, if the Class A Principal Balance has not yet
been reduced to zero and the Class M-1 Distribution Test
is not satisfied or (b) a fraction, expressed as a
percentage, the numerator of which is the Class M-1
Principal Balance as of such Payment Date, and the
denominator of which is the sum of (i) the Class A
Principal Balance, if any, (ii) the Class M- I Adjusted
Principal Balance, (iii) if the Class M-2 Distribution
Test is satisfied on such Payment Date, the Class M-2
Adjusted Principal Balance, otherwise zero, (iv) if the
Class B-1 Distribution Test is satisfied on such Payment
Date, the Class B-1 Adjusted Principal Balance,
otherwise zero, and (v) if the Class B-2 Distribution
Test is satisfied on such Payment Date, the Class B-2
Principal Balance, otherwise zero, in each case as of
such Payment Date.
The Class M-1 Distribution Test will be satisfied if
each of the following tests is satisfied: (i) the
Payment Date occurs in or after [December 2003]; (ii)
the Average Sixty-Day Delinquency Ratio (as defined in
the Sale and Servicing Agreement) as of such Payment
Date, must not exceed 10% of the Senior Subordination
Percentage (as described below); (iii) Cumulative
Realized Losses (as defined in the Sale and Servicing
Agreement) as of such Payment Date must not exceed a
certain specified percentage of the Cut-off Date Pool
Principal Balance, depending on the year in which such
Payment Date occurs; and (iv) the sum of the Class M-1
Adjusted Principal Balance, the Class M-2 Adjusted
Principal Balance, the Class B-1 Adjusted Principal
Balance, the Class B-2 Principal Balance and the current
overcollateralization amount divided by the Pool
Scheduled Principal Balance as of the immediately
preceding Payment Date must be equal to or greater than
[56.00]%.
RECIPIENTS of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 10 BEAR STEARNS
<PAGE>
CONSECO HOME LOAN TRUST 1999-G
- --------------------------------------------------------------------------------
Terms Sheets & Computational Materials (rev: 11/16 close, 12/15 first payment)
Preliminary SUMMARY of TERMS (cont'd)
Class M-1 Principal
(cont'd): The Senior Subordination Percentage for any Payment Date
will equal (a) on any Payment Date on which the Class A
Principal Balance has not been reduced to zero, a
fraction, expressed as a percentage, the numerator of
which is the sum of (i) the Class M-1 Adjusted Principal
Balance, if any, (ii) the Class M-2 Adjusted Principal
Balance, if any, (iii) the Class B-1 Adjusted Principal
Balance, if any, and (iv) the Class B-2 Principal
Balance, if any, and the denominator of which is the
Pool Scheduled Principal Balance of the Loans, (b) on
any Payment Date on which the Class A Principal Balance
has been reduced to zero and the Class M-1 Principal
Balance has not been reduced to zero, a fraction,
expressed as a percentage, the numerator of which is the
sum of (i) the Class M-2 Adjusted Principal Balance, if
any, (ii) the Class B-1 Adjusted Principal Balance, if
any, and (iii) the Class B-2 Principal Balance, if any,
and the denominator of which is the Pool Scheduled
Principal Balance of the Loans, (c) on any Payment Date
on which the Class M-1 Principal Balance has been
reduced to zero and the Class M-2 Principal Balance has
not been reduced to zero, a fraction, expressed as a
percentage, the numerator of which is the sum of (i) the
Class B-1 Adjusted Principal Balance, if any, and (ii)
the Class B-2 Principal Balance, if any, and the
denominator of which is the Pool Scheduled Principal
Balance of the Loans, or (d) on any Payment Date on
which the Class M-2 Principal Balance has been reduced
to zero and the Class B-1 Principal Balance has not been
reduced to zero, a fraction, expressed as a percentage,
the numerator of which is the Class B-2 Principal
Balance, if any, and the denominator of which is the
Pool Scheduled Principal Balance of the Loans.
Class M-2 Principal: Class M-2 Noteholders will be entitled to receive, to
the extent of the remaining Available Amount, the Class
M-2 Percentage of the Formula Principal Distribution
Amount on each Payment Date on which (i) the Class A
Principal Balance and Class M-1 Principal Balance have
been reduced to zero or (ii) the Class M-2 Distribution
Test is satisfied, until the Class M-2 Principal Balance
has been reduced to zero.
The Class M-2 Percentage for any Payment Date will equal
(a) zero, if the Class A Principal Balance and Class M-1
Principal Balance have not yet been reduced to zero and
the Class M-2 Distribution Test is not satisfied or (b)
a fraction, expressed as a percentage, the numerator of
which is the Class M-2 Principal Balance as of such
Payment Date, and the denominator of which is the sum
of: (i) the Class A Principal Balance, if any, (ii) the
Class M-1 Adjusted Principal Balance, if any, (iii) the
Class M-2 Adjusted Principal Balance, if any, (iv) if
the Class B-1 Distribution Test is satisfied on such
Payment Date, the Class B-1 Adjusted Principal Balance,
if any, and (v) if the Class B-2 Distribution Test is
satisfied on such Payment Date, the Class B-2 Principal
Balance, if any, otherwise zero, in each case as of such
Payment Date.
The Class M-2 Distribution Test will be satisfied if
each of the following tests is satisfied: (i) the
Payment Date occurs in or after [December 2003]; (ii)
the Average Sixty-Day Delinquency Ratio (as defined in
the Sale and Servicing Agreement) as of such Payment
Date, must not exceed 10% of the Senior Subordination
Percentage; (iii) Cumulative Realized Losses (as defined
in the Sale and Servicing Agreement) as of such Payment
Date must not exceed a certain specified percentage of
the Cut-Off Date Pool Principal Balance, depending on
the year in which such Payment Date occurs; and (iv) the
sum of the Class M-2 Adjusted Principal Balance, the
Class B-1 Adjusted Principal Balance, the Class B-2
Principal Balance and the current overcollaterization
amount divided by the Pool Scheduled Principal Balance
as of the immediately preceding Payment Date must be
equal to or greater than [41.00]%.
RECIPIENTS of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 11 BEAR STEARNS
<PAGE>
CONSECO HOME LOAN TRUST 1999-G
- --------------------------------------------------------------------------------
Terms Sheets & Computational Materials (rev: 11/16 close, 12/15 first payment)
Preliminary SUMMARY of TERMS (cont'd)
Class B-1 Principal: Class B-1 Noteholders will be entitled to receive, to
the extent of the remaining Amount Available, the Class
B-1 Percentage of the Formula Principal Distribution
Amount on each Payment Date on which (i) the Class A
Principal Balance, Class M-1 Principal Balance and Class
M-2 Principal Balance have been reduced to zero or (ii)
the Class B-1 Distribution Test is satisfied, until the
Class B-1 Principal Balance has been reduced to zero.
The Class B-1 Percentage for any Payment Date will equal
(a) zero, if the Class A Principal Balance, Class M-1
Principal Balance and Class M-2 Principal Balance have
not yet been reduced to zero and the Class B-1
Distribution Test is not satisfied or (b) a fraction,
expressed as a percentage, the numerator of which is the
Class B-1 Principal Balance as of such Payment Date, and
the denominator of which is the sum of (i) the Class A
Principal Balance, if any, (ii) the Class M-1 Adjusted
Principal Balance, if any, (iii) the Class M-2 Adjusted
Principal Balance, if any, (iv) the Class B-1 Adjusted
Principal Balance, if any, and (v) if the Class B-2
Distribution Test is satisfied on such Payment Date, the
Class B-2 Principal Balance, if any, otherwise zero, in
each case as of such Payment Date.
The Class B-1 Distribution Test will be satisfied if
each of the following tests is satisfied: (i) the
Payment Date occurs in or after [December 2003]; (ii)
the Average Sixty-Day Delinquency Ratio (as defined in
the Sale and Servicing Agreement) as of such Payment
Date, must not exceed 10% or the Senior Subordination
Percentage; (iii) Cumulative Realized Losses (as defined
in the Sale and Servicing Agreement) as of such Payment
Date must not exceed a certain specified percentage of
the Cut-off Date Pool Principal Balance, depending on
the year in which such Payment Date occurs; and (iv) the
sum of the Class B-1 Adjusted Principal Balance, the
Class B-2 Principal Balance and the current
overcollateralization amount divided by the Pool
Scheduled Principal Balance as of the immediately
preceding Payment Date must be equal to or greater than
[28.00]%.
Liquidation Loss
Interest (Class M-1,
Class M-2, Class B-1): Liquidation Loss Interest will be payable first to the
Class M-1 Notes, then to the Class M-2 Notes and then to
the Class B-1 Notes. Interest on the outstanding Class
M-1 Liquidation Loss Principal Amount, Class M-2
Liquidation Loss Principal Amount and Class B-1
Liquidation Loss Principal Amount, as applicable, will
accrue at the related Note Interest Rate from the
Payment Date on which a Liquidation Loss Principal
Amount was allocated for that Class to but excluding the
following Payment Date.
Class B-2 Interest: Interest on the outstanding Class B-2 Principal Balance
will initially accrue from the Closing Date and
thereafter will accrue from the most recent Payment Date
on which interest has been paid, in each case to, but
excluding the following Payment Date, on a 30/360 basis.
To the extent of (i) remaining Amount Available, if any,
on a Payment Date after payment of all interest and
principal then payable on the Class A, Class M-1, Class
M-2 and Class B-1 Notes, and (ii) the Guarantee Payment,
if any, for such date, interest will be paid to the
Class B-2 Noteholders at the Class B-2 Note Interest
Rate on the Class B-2 Principal Balance.
The Class B-2 Principal Balance is the Original Class
B-2 Principal Balance less all amounts previously
distributed on account of principal of the Class B-2
Notes.
Any interest shortfalls will be carried forward, and
will bear interest at the Class B-2 Note Interest Rate
to the extent legally permissible.
RECIPIENTS of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 12 BEAR STEARNS
<PAGE>
CONSECO HOME LOAN TRUST 1999-G
- --------------------------------------------------------------------------------
Terms Sheets & Computational Materials (rev: 11/16 close, 12/15 first payment)
Preliminary SUMMARY of TERMS (cont'd)
Class B-2 Principal: Class B-2 Noteholders will be entitled to receive, to
the extent of the remaining Amount Available, the Class
B-2 Percentage on the Formula Principal Distribution
Amount of each Payment Date on which (i) the Class A
Principal Balance, Class M-1 Principal Balance, Class
M-2 Principal Balance and Class B-1 Principal Balance
have been reduced to zero or (ii) the Class B-2
Distribution Test is satisfied, until the Class B-2
Principal Balance has been reduced to zero.
The Class B-2 Percentage for any Payment Date will equal
(a) zero, if the Class A Principal Balance, Class M-1
Principal Balance, Class M-2 Principal Balance and Class
B-1 Principal Balance have not yet been reduced to zero
and the Class B-2 Distribution Test is not satisfied or
(b) a fraction, expressed as a percentage, the numerator
of which is the Class B-2 Principal Balance as of such
Payment Date, and the denominator of which is the sum of
(i) the Class A Principal Balance, if any, (ii) the
Class M-1 Adjusted Principal Balance, if any, (iii) the
Class M-2 Adjusted Principal Balance, if any, (iv) the
Class B-1 Adjusted Principal Balance, if any, and (v)
the Class B-2 Principal Balance, in each case as of such
Payment Date.
The Class B-2 Distribution Test will be satisfied if
each of the following tests is satisfied: (i) the
Payment Date occurs in or after [December 2003]; (i) the
Average Sixty-Day Delinquency Ratio (as defined in the
Sale and Servicing Agreement) as of such Payment Date,
must not exceed 10% of the Senior Subordination
Percentage; (iii) Cumulative Realized Losses (as defined
in the Sale and Servicing Agreement) as of such Payment
Date must not exceed a certain specified percentage of
the Cut-off Date Pool Principal Balance, depending on
the year in which such Payment Date occurs; (iv) the sum
of the Class B-2 Principal Balance and the current
overcollateralization amount divided by the Pool
Scheduled Principal Balance as of the immediately
preceding Payment Date must be equal to or greater than
[17.50]%.
The Company will be obligated under the Limited Guaranty
to pay the amount, if any, by which the Class B-2
Percentage of the Formula Principal Distribution Amount
for the Payment Date exceeds the remaining Amount
Available after payment of interest on the Class B-2
Notes. On each Payment Date, Class B-2 Noteholders will
be entitled to receive, pursuant to the Limited
Guaranty, any Class B-2 Liquidation Loss Amount for such
Payment Date.
Class B-2
Limited Guaranty: The Class B-2 Limited Guaranty will be an unsecured
general obligation of the Company, and will not benefit,
in any way, or result in any payment to, the Class A,
Class M-1, Class M-2 or Class B-1 Noteholders.
RECIPIENTS of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 13 BEAR STEARNS
<PAGE>
CONSECO HOME LOAN TRUST 1999-G
- --------------------------------------------------------------------------------
Terms Sheets & Computational Materials (rev: 11/16 close, 12/15 first payment)
Preliminary SUMMARY of TERMS (cont'd)
- --------------------------------------------------------------------------------
The information contained herein will be superceded by the
description of the collateral contained in the Prospectus Supplement.
- --------------------------------------------------------------------------------
Initial Loans: The information concerning the Initial Loans presented
below is based on a pool originated through [August 13,
1999] (the "Initial Loans"). Conseco Securitizations
intends to acquire and sell Additional Loans to the
Trust on the Closing Date. Although the characteristics
of the final pool of Loans will differ from the
characteristics of the Initial Loans shown below,
Conseco Securitizations does not expect that the
characteristics of the Additional Loans sold to the
Trust will vary materially from those of the Initial
Loans herein.
INITIAL LOANS:
Number of Loans: 5,960
Weighted Average Contract Rate: 14.31%
Range on Contract Rates: 7.75% - 20.95%
Weighted Average Original Maturity: 238 months
Weighted Average Remaining Maturity: 236 months
Average Remaining Principal: $25,191.38
Weighted Average CLTV: 118.92%
RECIPIENTS of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 14 BEAR STEARNS
<PAGE>
CONSECO HOME LOAN TRUST 1999-G
- --------------------------------------------------------------------------------
Terms Sheets & Computational Materials (rev: 11/16 close, 12/15 first payment)
SENSITIVITY TABLES
<TABLE>
<CAPTION>
Class A-1 (to Maturity)
- -----------------------------------------------------------------------------------------------------------------------------
% Prepayment Assumption: 0% 75% 100% 125% 150% 175% 200%
- -----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Illustrative Yield @ Par (30/360) 6.661% 6.661% 6.661% 6.661% 6.661% 6.661% 6.661%
Average Life (years) 4.03 1.00 0.85 0.75 0.68 0.62 0.58
Modified Duration (years) 3.34 0.93 0.80 0.71 0.64 0.59 0.55
First Principal Payment 12/15/99 12/15/99 12/15/99 12/15/99 12/15/99 12/15/99 12/15/99
Last Principal Payment 10/15/06 07/15/01 04/15/01 02/15/01 12/15/00 11/15/00 10/15/00
Principal Lockout (months) 0 0 0 0 0 0 0
Principal Window (months) 83 20 17 15 13 12 11
- -----------------------------------------------------------------------------------------------------------------------------
Class A-2 (to Maturity)
- -----------------------------------------------------------------------------------------------------------------------------
% Prepayment Assumption: 0% 75% 100% 125% 150% 175% 200%
- -----------------------------------------------------------------------------------------------------------------------------
Illustrative Yield @ Par (30/360) 7.340% 7.340% 7.340% 7.340% 7.340% 7.340% 7.340%
Average Life (years) 9.09 2.47 2.00 1.71 1.50 1.35 1.24
Modified Duration (years) 6.42 2.18 1.80 1.55 1.38 1.25 1.15
First Principal Payment 10/15/06 07/15/01 04/15/01 02/15/01 12/15/00 11/15/00 10/15/00
Last Principal Payment 03/15/11 03/15/03 07/15/02 02/15/02 10/15/01 08/15/01 06/15/01
Principal Lockout (months) 82 19 16 14 12 11 10
Principal Window (months) 54 21 16 13 11 10 9
- -----------------------------------------------------------------------------------------------------------------------------
Class A-3 (to Maturity)
- -----------------------------------------------------------------------------------------------------------------------------
% Prepayment Assumption: 0% 75% 100% 125% 150% 175% 200%
- -----------------------------------------------------------------------------------------------------------------------------
Illustrative Yield @ Par (30/360) 7.577% 7.577% 7.577% 7.577% 7.577% 7.577% 7.577%
Average Life (years) 12.24 3.76 3.00 2.51 2.17 1.92 1.73
Modified Duration (years) 7.76 3.17 2.60 2.21 1.93 1.73 1.57
First Principal Payment 03/15/11 03/15/03 07/15/02 02/15/02 10/15/01 08/15/01 06/15/01
Last Principal Payment 12/15/12 02/15/04 04/15/03 09/15/02 04/15/02 01/15/02 10/15/01
Principal Lockout (months) 135 39 31 26 22 20 18
Principal Window (months) 22 12 10 8 7 6 5
- -----------------------------------------------------------------------------------------------------------------------------
Class A-4 (to Maturity)
- -----------------------------------------------------------------------------------------------------------------------------
% Prepayment Assumption: 0% 75% 100% 125% 150% 175% 200%
- -----------------------------------------------------------------------------------------------------------------------------
Illustrative Yield @ Par (30/360) 7.804% 7.804% 7.804% 7.804% 7.804% 7.804% 7.804%
Average Life (years) 14.20 5.04 4.02 3.25 2.78 2.44 2.17
Modified Duration (years) 8.35 4.03 3.33 2.77 2.42 2.15 1.93
First Principal Payment 12/15/12 02/15/04 04/15/03 09/15/02 04/15/02 01/15/02 10/15/01
Last Principal Payment 01/15/16 03/15/06 12/15/04 08/15/03 01/15/03 08/15/02 04/15/02
Principal Lockout (months) 156 50 40 33 28 25 22
Principal Window (months) 38 26 21 12 10 8 7
- -----------------------------------------------------------------------------------------------------------------------------
</TABLE>
RECIPIENTS of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 15 BEAR STEARNS
<PAGE>
CONSECO HOME LOAN TRUST 1999-G
- --------------------------------------------------------------------------------
Terms Sheets & Computational Materials (rev: 11/16 close, 12/15 first payment)
SENSITIVITY TABLES
<TABLE>
<CAPTION>
Class A-5 (to 20 % Optional Repurchase)
- -----------------------------------------------------------------------------------------------------------------------------
% Prepayment Assumption: 0% 75% 100% 125% 150% 175% 200%
- -----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Illustrative Yield @ Par (30/360) 8.300% 8.300% 8.300% 8.300% 8.300% 8.300% 8.300%
Average Life (years) 18.72 8.72 7.04 5.14 3.80 3.21 2.84
Modified Duration (years) 9.25 5.98 5.14 4.01 3.14 2.72 2.45
First Principal Payment 01/15/16 03/15/06 12/15/04 08/15/03 01/15/03 08/15/02 04/15/02
Last Principal Payment 12/15/19 03/15/10 03/15/08 10/15/06 04/15/05 08/15/03 02/15/03
Principal Lockout (months) 193 75 60 44 37 32 28
Principal Window (months) 48 49 40 39 28 13 11
- -----------------------------------------------------------------------------------------------------------------------------
Class A-6 (to 20 % Optional Repurchase)
- -----------------------------------------------------------------------------------------------------------------------------
% Prepayment Assumption: 0% 75% 100% 125% 150% 175% 200%
- -----------------------------------------------------------------------------------------------------------------------------
Illustrative Yield @ Par (30/360) 8.455% 8.455% 8.455% 8.455% 8.455% 8.455% 8.455%
Average Life (years) 20.08 10.33 8.33 6.91 5.87 4.13 3.46
Modified Duration (years) 9.42 6.68 5.79 5.07 4.48 3.36 2.90
First Principal Payment 12/15/19 03/15/10 03/15/08 10/15/06 04/15/05 08/15/03 02/15/03
Last Principal Payment 12/15/19 03/15/10 03/15/08 10/15/06 10/15/05 12/15/04 07/15/03
Principal Lockout (months) 240 123 99 82 64 44 38
Principal Window (months) 1 1 1 1 7 17 6
- -----------------------------------------------------------------------------------------------------------------------------
Class M-1 (to 20 % Optional Repurchase)
- -----------------------------------------------------------------------------------------------------------------------------
% Prepayment Assumption: 0% 75% 100% 125% 150% 175% 200%
- -----------------------------------------------------------------------------------------------------------------------------
Illustrative Yield @ Par (30/360) 8.901% 8.901% 8.901% 8.901% 8.901% 8.901% 8.901%
Average Life (years) 18.39 8.52 6.83 6.05 5.45 4.90 4.12
Modified Duration (years) 8.78 5.71 4.89 4.49 4.16 3.83 3.32
First Principal Payment 03/15/14 01/15/05 12/15/03 12/15/03 12/15/03 12/15/03 07/15/03
Last Principal Payment 12/15/19 03/15/10 03/15/08 10/15/06 10/15/05 12/15/04 05/15/04
Principal Lockout (months) 171 61 48 48 48 48 43
Principal Window (months) 70 63 52 35 23 13 11
- -----------------------------------------------------------------------------------------------------------------------------
Class M-2 (to 20 % Optional Repurchase)
- -----------------------------------------------------------------------------------------------------------------------------
% Prepayment Assumption: 0% 75% 100% 125% 150% 175% 200%
- -----------------------------------------------------------------------------------------------------------------------------
Illustrative Yield @ Par (30/360) 9.898% 9.898% 9.898% 9.898% 9.898% 9.898% 9.898%
Average Life (years) 18.39 8.52 6.83 6.05 5.45 4.90 4.45
Modified Duration (years) 8.20 5.48 4.73 4.36 4.04 3.73 3.46
First Principal Payment 03/15/14 01/15/05 12/15/03 12/15/03 12/15/03 12/15/03 12/15/03
Last Principal Payment 12/15/19 03/15/10 03/15/08 10/15/06 10/15/05 12/15/04 05/15/04
Principal Lockout (months) 171 61 48 48 48 48 48
Principal Window (months) 70 63 52 35 23 13 6
- -----------------------------------------------------------------------------------------------------------------------------
</TABLE>
RECIPIENTS of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 16 BEAR STEARNS
<PAGE>
CONSECO HOME LOAN TRUST 1999-G
- --------------------------------------------------------------------------------
Terms Sheets & Computational Materials (rev: 11/16 close, 12/15 first payment)
DECREMENT TABLE
<TABLE>
<CAPTION>
Class A-1 to Maturity
% Prepayment Assumption 0% 75% 100% 125% 150% 175% 200%
-----------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Distribution Date
- -----------------
Initial Percentage 100 100 100 100 100 100 100
11/15/00 90 50 37 23 10 0 0
11/15/01 80 0 0 0 0 0 0
11/15/02 68 0 0 0 0 0 0
11/15/03 54 0 0 0 0 0 0
11/15/04 38 0 0 0 0 0 0
11/15/05 19 0 0 0 0 0 0
11/15/06 0 0 0 0 0 0 0
11/15/07 0 0 0 0 0 0 0
11/15/08 0 0 0 0 0 0 0
11/15/09 0 0 0 0 0 0 0
11/15/10 0 0 0 0 0 0 0
11/15/11 0 0 0 0 0 0 0
11/15/12 0 0 0 0 0 0 0
11/15/13 0 0 0 0 0 0 0
11/15/14 0 0 0 0 0 0 0
11/15/15 0 0 0 0 0 0 0
11/15/16 0 0 0 0 0 0 0
11/15/17 0 0 0 0 0 0 0
11/15/18 0 0 0 0 0 0 0
11/15/19 0 0 0 0 0 0 0
11/15/20 0 0 0 0 0 0 0
11/15/21 0 0 0 0 0 0 0
11/15/22 0 0 0 0 0 0 0
11/15/23 0 0 0 0 0 0 0
11/15/24 0 0 0 0 0 0 0
11/15/25 0 0 0 0 0 0 0
11/15/26 0 0 0 0 0 0 0
11/15/27 0 0 0 0 0 0 0
11/15/28 0 0 0 0 0 0 0
11/15/29 0 0 0 0 0 0 0
Weighted Average Life to Maturity (in years) (1) 4.03 1.00 0.85 0.75 0.68 0.62 0.58
Weighted Average Life to Optional Repurchase (in years) (1) 4.03 1.00 0.85 0.75 0.68 0.62 0.58
</TABLE>
* indicates greater than zero but less than 0.5%.
(1) The weighted average life of a Note is determined by (i) multiplying the
amount of each distribution in reduction of the related Note Principal Balance
by the number of years from the date of issuance of the Note to the related
Distribution Date, (ii) adding the results, and (iii) dividing the sum by the
original principal balance of the Notes.
RECIPIENTS of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 17 BEAR STEARNS
<PAGE>
CONSECO HOME LOAN TRUST 1999-G
- --------------------------------------------------------------------------------
Terms Sheets & Computational Materials (rev: 11/16 close, 12/15 first payment)
DECREMENT TABLE
<TABLE>
<CAPTION>
Class A-2 to Maturity
% Prepayment Assumption 0% 75% 100% 125% 150% 175% 200%
-----------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Distribution Date
- -----------------
Initial Percentage 100 100 100 100 100 100 100
11/15/00 100 100 100 100 100 96 83
11/15/01 100 77 46 16 0 0 0
11/15/02 100 15 0 0 0 0 0
11/15/03 100 0 0 0 0 0 0
11/15/04 100 0 0 0 0 0 0
11/15/05 100 0 0 0 0 0 0
11/15/06 98 0 0 0 0 0 0
11/15/07 75 0 0 0 0 0 0
11/15/08 48 0 0 0 0 0 0
11/15/09 28 0 0 0 0 0 0
11/15/10 6 0 0 0 0 0 0
11/15/11 0 0 0 0 0 0 0
11/15/12 0 0 0 0 0 0 0
11/15/13 0 0 0 0 0 0 0
11/15/14 0 0 0 0 0 0 0
11/15/15 0 0 0 0 0 0 0
11/15/16 0 0 0 0 0 0 0
11/15/17 0 0 0 0 0 0 0
11/15/18 0 0 0 0 0 0 0
11/15/19 0 0 0 0 0 0 0
11/15/20 0 0 0 0 0 0 0
11/15/21 0 0 0 0 0 0 0
11/15/22 0 0 0 0 0 0 0
11/15/23 0 0 0 0 0 0 0
11/15/24 0 0 0 0 0 0 0
11/15/25 0 0 0 0 0 0 0
11/15/26 0 0 0 0 0 0 0
11/15/27 0 0 0 0 0 0 0
11/15/28 0 0 0 0 0 0 0
11/15/29 0 0 0 0 0 0 0
Weighted Average Life to Maturity (in years) (1) 9.09 2.47 2.00 1.71 1.50 1.35 1.24
Weighted Average Life to Optional Repurchase (in years) (1) 9.09 2.47 2.00 1.71 1.50 1.35 1.24
</TABLE>
* indicates greater than zero but less than 0.5%.
(1) The weighted average life of a Note is determined by (i) multiplying the
amount of each distribution in reduction of the related Note Principal Balance
by the number of years from the date of issuance of the Note to the related
Distribution Date, (ii) adding the results, and (iii) dividing the sum by the
original principal balance of the Notes.
RECIPIENTS of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 18 BEAR STEARNS
<PAGE>
CONSECO HOME LOAN TRUST 1999-G
- --------------------------------------------------------------------------------
Terms Sheets & Computational Materials (rev: 11/16 close, 12/15 first payment)
DECREMENT TABLE
<TABLE>
<CAPTION>
Class A-3 to Maturity
% Prepayment Assumption 0% 75% 100% 125% 150% 175% 200%
-----------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Distribution Date
- -----------------
Initial Percentage 100 100 100 100 100 100 100
11/15/00 100 100 100 100 100 100 100
11/15/01 100 100 100 100 76 21 0
11/15/02 100 100 45 0 0 0 0
11/15/03 100 21 0 0 0 0 0
11/15/04 100 0 0 0 0 0 0
11/15/05 100 0 0 0 0 0 0
11/15/06 100 0 0 0 0 0 0
11/15/07 100 0 0 0 0 0 0
11/15/08 100 0 0 0 0 0 0
11/15/09 100 0 0 0 0 0 0
11/15/10 100 0 0 0 0 0 0
11/15/11 62 0 0 0 0 0 0
11/15/12 4 0 0 0 0 0 0
11/15/13 0 0 0 0 0 0 0
11/15/14 0 0 0 0 0 0 0
11/15/15 0 0 0 0 0 0 0
11/15/16 0 0 0 0 0 0 0
11/15/17 0 0 0 0 0 0 0
11/15/18 0 0 0 0 0 0 0
11/15/19 0 0 0 0 0 0 0
11/15/20 0 0 0 0 0 0 0
11/15/21 0 0 0 0 0 0 0
11/15/22 0 0 0 0 0 0 0
11/15/23 0 0 0 0 0 0 0
11/15/24 0 0 0 0 0 0 0
11/15/25 0 0 0 0 0 0 0
11/15/26 0 0 0 0 0 0 0
11/15/27 0 0 0 0 0 0 0
11/15/28 0 0 0 0 0 0 0
11/15/29 0 0 0 0 0 0 0
Weighted Average Life to Maturity (in years) (1) 12.24 3.76 3.00 2.51 2.17 1.92 1.73
Weighted Average Life to Optional Repurchase (in years) (1) 12.24 3.76 3.00 2.51 2.17 1.92 1.73
</TABLE>
* indicates greater than zero but less than 0.5%.
(1) The weighted average life of a Note is determined by (i) multiplying the
amount of each distribution in reduction of the related Note Principal Balance
by the number of years from the date of issuance of the Note to the related
Distribution Date, (ii) adding the results, and (iii) dividing the sum by the
original principal balance of the Notes.
RECIPIENTS of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 19 BEAR STEARNS
<PAGE>
CONSECO HOME LOAN TRUST 1999-G
- --------------------------------------------------------------------------------
Terms Sheets & Computational Materials (rev: 11/16 close, 12/15 first payment)
DECREMENT TABLE
<TABLE>
<CAPTION>
Class A-4 to Maturity
% Prepayment Assumption 0% 75% 100% 125% 150% 175% 200%
-----------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Distribution Date
- -----------------
Initial Percentage 100 100 100 100 100 100 100
11/15/00 100 100 100 100 100 100 100
11/15/01 100 100 100 100 100 100 75
11/15/02 100 100 100 73 16 0 0
11/15/03 100 100 38 0 0 0 0
11/15/04 100 41 1 0 0 0 0
11/15/05 100 7 0 0 0 0 0
11/15/06 100 0 0 0 0 0 0
11/15/07 100 0 0 0 0 0 0
11/15/08 100 0 0 0 0 0 0
11/15/09 100 0 0 0 0 0 0
11/15/10 100 0 0 0 0 0 0
11/15/11 100 0 0 0 0 0 0
11/15/12 100 0 0 0 0 0 0
11/15/13 49 0 0 0 0 0 0
11/15/14 17 0 0 0 0 0 0
11/15/15 2 0 0 0 0 0 0
11/15/16 0 0 0 0 0 0 0
11/15/17 0 0 0 0 0 0 0
11/15/18 0 0 0 0 0 0 0
11/15/19 0 0 0 0 0 0 0
11/15/20 0 0 0 0 0 0 0
11/15/21 0 0 0 0 0 0 0
11/15/22 0 0 0 0 0 0 0
11/15/23 0 0 0 0 0 0 0
11/15/24 0 0 0 0 0 0 0
11/15/25 0 0 0 0 0 0 0
11/15/26 0 0 0 0 0 0 0
11/15/27 0 0 0 0 0 0 0
11/15/28 0 0 0 0 0 0 0
11/15/29 0 0 0 0 0 0 0
Weighted Average Life to Maturity (in years) (1) 14.20 5.04 4.02 3.25 2.78 2.44 2.17
Weighted Average Life to Optional Repurchase (in years) (1) 14.20 5.04 4.02 3.25 2.78 2.44 2.17
</TABLE>
* indicates greater than zero but less than 0.5%.
(1) The weighted average life of a Note is determined by (i) multiplying the
amount of each distribution in reduction of the related Note Principal Balance
by the number of years from the date of issuance of the Note to the related
Distribution Date, (ii) adding the results, and (iii) dividing the sum by the
original principal balance of the Notes.
RECIPIENTS of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 20 BEAR STEARNS
<PAGE>
CONSECO HOME LOAN TRUST 1999-G
- --------------------------------------------------------------------------------
Terms Sheets & Computational Materials (rev: 11/16 close, 12/15 first payment)
DECREMENT TABLE
<TABLE>
<CAPTION>
Class A-5 to 20% Optional Repurchase
% Prepayment Assumption 0% 75% 100% 125% 150% 175% 200%
-----------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Distribution Date
- -----------------
Initial Percentage 100 100 100 100 100 100 100
11/15/00 100 100 100 100 100 100 100
11/15/01 100 100 100 100 100 100 100
11/15/02 100 100 100 100 100 68 26
11/15/03 100 100 100 72 20 0 0
11/15/04 100 100 100 47 4 0 0
11/15/05 100 100 74 28 0 0 0
11/15/06 100 84 52 0 0 0 0
11/15/07 100 63 33 0 0 0 0
11/15/08 100 45 0 0 0 0 0
11/15/09 100 31 0 0 0 0 0
11/15/10 100 0 0 0 0 0 0
11/15/11 100 0 0 0 0 0 0
11/15/12 100 0 0 0 0 0 0
11/15/13 100 0 0 0 0 0 0
11/15/14 100 0 0 0 0 0 0
11/15/15 100 0 0 0 0 0 0
11/15/16 86 0 0 0 0 0 0
11/15/17 68 0 0 0 0 0 0
11/15/18 48 0 0 0 0 0 0
11/15/19 28 0 0 0 0 0 0
11/15/20 0 0 0 0 0 0 0
11/15/21 0 0 0 0 0 0 0
11/15/22 0 0 0 0 0 0 0
11/15/23 0 0 0 0 0 0 0
11/15/24 0 0 0 0 0 0 0
11/15/25 0 0 0 0 0 0 0
11/15/26 0 0 0 0 0 0 0
11/15/27 0 0 0 0 0 0 0
11/15/28 0 0 0 0 0 0 0
11/15/29 0 0 0 0 0 0 0
Weighted Average Life to Maturity (in years) (1) 19.04 9.03 7.32 5.21 3.80 3.21 2.84
Weighted Average Life to Optional Repurchase (in years) (1) 18.72 8.72 7.04 5.14 3.80 3.21 2.84
</TABLE>
* indicates greater than zero but less than 0.5%.
(1) The weighted average life of a Note is determined by (i) multiplying the
amount of each distribution in reduction of the related Note Principal Balance
by the number of years from the date of issuance of the Note to the related
Distribution Date, (ii) adding the results, and (iii) dividing the sum by the
original principal balance of the Notes.
RECIPIENTS of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 21 BEAR STEARNS
<PAGE>
CONSECO HOME LOAN TRUST 1999-G
- --------------------------------------------------------------------------------
Terms Sheets & Computational Materials (rev: 11/16 close, 12/15 first payment)
DECREMENT TABLE
<TABLE>
<CAPTION>
Class A-6 to 20% Optional Repurchase
% Prepayment Assumption 0% 75% 100% 125% 150% 175% 200%
-----------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Distribution Date
- -----------------
Initial Percentage 100 100 100 100 100 100 100
11/15/00 100 100 100 100 100 100 100
11/15/01 100 100 100 100 100 100 100
11/15/02 100 100 100 100 100 100 100
11/15/03 100 100 100 100 100 25 0
11/15/04 100 100 100 100 100 17 0
11/15/05 100 100 100 100 0 0 0
11/15/06 100 100 100 0 0 0 0
11/15/07 100 100 100 0 0 0 0
11/15/08 100 100 0 0 0 0 0
11/15/09 100 100 0 0 0 0 0
11/15/10 100 0 0 0 0 0 0
11/15/11 100 0 0 0 0 0 0
11/15/12 100 0 0 0 0 0 0
11/15/13 100 0 0 0 0 0 0
11/15/14 100 0 0 0 0 0 0
11/15/15 100 0 0 0 0 0 0
11/15/16 100 0 0 0 0 0 0
11/15/17 100 0 0 0 0 0 0
11/15/18 100 0 0 0 0 0 0
11/15/19 100 0 0 0 0 0 0
11/15/20 0 0 0 0 0 0 0
11/15/21 0 0 0 0 0 0 0
11/15/22 0 0 0 0 0 0 0
11/15/23 0 0 0 0 0 0 0
11/15/24 0 0 0 0 0 0 0
11/15/25 0 0 0 0 0 0 0
11/15/26 0 0 0 0 0 0 0
11/15/27 0 0 0 0 0 0 0
11/15/28 0 0 0 0 0 0 0
11/15/29 0 0 0 0 0 0 0
Weighted Average Life to Maturity (in years) (1) 22.96 13.80 11.62 9.54 7.43 4.41 3.46
Weighted Average Life to Optional Repurchase (in years) (1) 20.08 10.33 8.33 6.91 5.87 4.13 3.46
</TABLE>
* indicates greater than zero but less than 0.5%.
(1) The weighted average life of a Note is determined by (i) multiplying the
amount of each distribution in reduction of the related Note Principal Balance
by the number of years from the date of issuance of the Note to the related
Distribution Date, (ii) adding the results, and (iii) dividing the sum by the
original principal balance of the Notes.
RECIPIENTS of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 22 BEAR STEARNS
<PAGE>
CONSECO HOME LOAN TRUST 1999-G
- --------------------------------------------------------------------------------
Terms Sheets & Computational Materials (rev: 11/16 close, 12/15 first payment)
DECREMENT TABLE
<TABLE>
<CAPTION>
Class M-1 to 20% Optional Repurchase
% Prepayment Assumption 0% 75% 100% 125% 150% 175% 200%
-----------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Distribution Date
- -----------------
Initial Percentage 100 100 100 100 100 100 100
11/15/00 100 100 100 100 100 100 100
11/15/01 100 100 100 100 100 100 100
11/15/02 100 100 100 100 100 100 100
11/15/03 100 100 100 100 100 100 45
11/15/04 100 100 81 77 73 68 0
11/15/05 100 86 65 59 0 0 0
11/15/06 100 72 52 0 0 0 0
11/15/07 100 60 41 0 0 0 0
11/15/08 100 49 0 0 0 0 0
11/15/09 100 40 0 0 0 0 0
11/15/10 100 0 0 0 0 0 0
11/15/11 100 0 0 0 0 0 0
11/15/12 100 0 0 0 0 0 0
11/15/13 100 0 0 0 0 0 0
11/15/14 92 0 0 0 0 0 0
11/15/15 83 0 0 0 0 0 0
11/15/16 74 0 0 0 0 0 0
11/15/17 63 0 0 0 0 0 0
11/15/18 51 0 0 0 0 0 0
11/15/19 39 0 0 0 0 0 0
11/15/20 0 0 0 0 0 0 0
11/15/21 0 0 0 0 0 0 0
11/15/22 0 0 0 0 0 0 0
11/15/23 0 0 0 0 0 0 0
11/15/24 0 0 0 0 0 0 0
11/15/25 0 0 0 0 0 0 0
11/15/26 0 0 0 0 0 0 0
11/15/27 0 0 0 0 0 0 0
11/15/28 0 0 0 0 0 0 0
11/15/29 0 0 0 0 0 0 0
Weighted Average Life to Maturity (in years) (1) 19.20 9.45 7.69 6.98 6.45 6.03 4.69
Weighted Average Life to Optional Repurchase (in years) (1) 18.39 8.52 6.83 6.05 5.45 4.90 4.12
</TABLE>
* indicates greater than zero but less than 0.5%.
(1) The weighted average life of a Note is determined by (i) multiplying the
amount of each distribution in reduction of the related Note Principal Balance
by the number of years from the date of issuance of the Note to the related
Distribution Date, (ii) adding the results, and (iii) dividing the sum by the
original principal balance of the Notes.
RECIPIENTS of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 23 BEAR STEARNS
<PAGE>
CONSECO HOME LOAN TRUST 1999-G
- --------------------------------------------------------------------------------
Terms Sheets & Computational Materials (rev: 11/16 close, 12/15 first payment)
DECREMENT TABLE
<TABLE>
<CAPTION>
Class M-2 to 20% Optional Repurchase
% Prepayment Assumption 0% 75% 100% 125% 150% 175% 200%
-----------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Distribution Date
- -----------------
Initial Percentage 100 100 100 100 100 100 100
11/15/00 100 100 100 100 100 100 100
11/15/01 100 100 100 100 100 100 100
11/15/02 100 100 100 100 100 100 100
11/15/03 100 100 100 100 100 100 100
11/15/04 100 100 81 77 73 68 0
11/15/05 100 86 65 59 0 0 0
11/15/06 100 72 52 0 0 0 0
11/15/07 100 60 41 0 0 0 0
11/15/08 100 49 0 0 0 0 0
11/15/09 100 40 0 0 0 0 0
11/15/10 100 0 0 0 0 0 0
11/15/11 100 0 0 0 0 0 0
11/15/12 100 0 0 0 0 0 0
11/15/13 100 0 0 0 0 0 0
11/15/14 92 0 0 0 0 0 0
11/15/15 83 0 0 0 0 0 0
11/15/16 74 0 0 0 0 0 0
11/15/17 63 0 0 0 0 0 0
11/15/18 51 0 0 0 0 0 0
11/15/19 39 0 0 0 0 0 0
11/15/20 0 0 0 0 0 0 0
11/15/21 0 0 0 0 0 0 0
11/15/22 0 0 0 0 0 0 0
11/15/23 0 0 0 0 0 0 0
11/15/24 0 0 0 0 0 0 0
11/15/25 0 0 0 0 0 0 0
11/15/26 0 0 0 0 0 0 0
11/15/27 0 0 0 0 0 0 0
11/15/28 0 0 0 0 0 0 0
11/15/29
Weighted Average Life to Maturity (in years) (1) 19.20 9.45 7.69 6.98 6.45 6.03 5.71
Weighted Average Life to Optional Repurchase (in years) (1) 18.39 8.52 6.83 6.05 5.45 4.90 4.45
</TABLE>
* indicates greater than zero but less than 0.5%.
(1) The weighted average life of a Note is determined by (i) multiplying the
amount of each distribution in reduction of the related Note Principal Balance
by the number of years from the date of issuance of the Note to the related
Distribution Date, (ii) adding the results, and (iii) dividing the sum by the
original principal balance of the Notes.
RECIPIENTS of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 24 BEAR STEARNS
<PAGE>
CONSECO HOME LOAN TRUST 1999-G
- --------------------------------------------------------------------------------
Terms Sheets & Computational Materials (rev: 11/16 close, 12/15 first payment)
Overview of Collateral Characteristics as of the Cut-Off Date
- --------------------------------------------------------------------------------
The information contained herein will be superceded by the
description of the collateral contained in the Prospectus Supplement.
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Aggregate Pool
<S> <C> <C>
Cut-Off Date 9/1/99
Total Outstanding Balance: $150,140,603.19
Number of Loans: 5,960
Home Improvement Loans: 3,989
Home Equity Loans: 1,971
Average Remaining Balance: $25,191.38
WA Gross Coupon: 14.31%
Balloon Loans: 8
WA Original Term to Stated Maturity: 238 months
WA Original Term to Amortization: 238 months
WA Remaining Term to Stated Maturity: 236 months
WA Stated Term to Amortization: 236 months
WA Seasoning: 2 months
Latest Scheduled Maturity Date: 8/1/29
Loan Type: Fixed
Lien Position: Percent UPB
1 1.09% $1,635,380.84
2 89.80% $134,824,921.41
3 9.10% $13,663,797.87
4 0.01% $16,503.07
WA Original CLTV Ratio: 118.92%
WA FICO: 648
WA Debt To Income Ratio: 38.63%
Documentation:
Full 100.00%
Property Type: Percent UPB
SF 98.42% $147,771,426
Man Hsg 0.97% $1,455,192
Farm 0.32% $480,896
Condo 0.18% $263,482
3-4 Family 0.09% $140,466
Unknown 0.02% $29,142
Geographic Distribution: Percent UPB
CA 11.45% $17,197,929
FL 9.14% $13,729,401
VA 5.90% $8,858,135
NY 5.49% $8,246,748
</TABLE>
RECIPIENTS of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 25 BEAR STEARNS
<PAGE>
CONSECO HOME LOAN TRUST 1999-G
- --------------------------------------------------------------------------------
Terms Sheets & Computational Materials (rev: 11/16 close, 12/15 first payment)
Overview of Collateral Characteristics as of the Cut-Off Date
- --------------------------------------------------------------------------------
The information contained herein will be superceded by the
description of the collateral contained in the Prospectus Supplement.
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Home Improvement Loan Pool
<S> <C> <C>
Cut-Off Date 9/1/99
Total Outstanding Balance: $111,419,401.56
Number of Loans: 3,989
Average Remaining Balance: $27,931.66
WA Gross Coupon: 13.781%
Balloon Loans: 0
WA Original Term to Stated Maturity: 245 months
WA Original Term to Amortization: 245 months
WA Remaining Term to Stated Maturity: 243 months
WA Stated Term to Amortization: 243 months
WA Seasoning: 1 months
Latest Scheduled Maturity Date: 8/20/24
Loan Type: Fixed
Lien Position: Percent UPB
1 0.09% $99,895.29
2 92.69% $103,274,104.03
3 7.21% $8,028,899.17
4 0.01% $16,503.07
WA Original CLTV Ratio: 121.62%
WA FICO: 649
WA Debt To Income Ratio: 38.11%
Documentation:
Full 100.00%
Property Type Percent UPB
SF 100.00% 111,419,401.56
Geographic Distribution: Percent UPB
CA 12.64% 14,084,012.75
FL 9.24% 10,295,436.26
VA 6.10% 6,793,962.44
NY 6.09% 6,785,814.63
PA 5.39% 6,001,836.30
NJ 5.01% 5,584,790.27
</TABLE>
RECIPIENTS of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 26 BEAR STEARNS
<PAGE>
CONSECO HOME LOAN TRUST 1999-G
- --------------------------------------------------------------------------------
Terms Sheets & Computational Materials (rev: 11/16 close, 12/15 first payment)
Overview of Collateral Characteristics as of the Cut-Off Date
- --------------------------------------------------------------------------------
The information contained herein will be superceded by the
description of the collateral contained in the Prospectus Supplement.
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Home Equity Loan Pool
<S> <C> <C>
Cut-Off Date 9/1/99
Total Outstanding Balance: $38,721,201.63
Number of Loans: 1,971
Average Remaining Balance: $19,645.46
WA Gross Coupon: 15.834%
Balloon Loans: 8
WA Original Term to Stated Maturity: 218 months
WA Original Term to Amortization: 219 months
WA Remaining Term to Stated Maturity: 215 months
WA Stated Term to Amortization: 217 months
WA Seasoning: 3 months
Latest Scheduled Maturity Date: 8/1/29
Loan Type: Fixed
Lien Position: Percent UPB
1 3.97% $1,535,485.55
2 81.48% $31,550,817.38
3 14.55% $5,634,898.70
WA Original CLTV Ratio: 111.17%
WA FICO: 647
WA Debt To Income Ratio: 40.10%
Documentation:
Full 100.00%
Property Type Percent UPB
SF 93.88% $36,352,024.65
Man Hsg 3.76% $1,455,192.10
Farm 1.24% $480,895.93
Condo 0.68% $263,481.71
3-4 Family 0.36% $140,465.58
Unknown 0.08% $29,141.66
Geographic Distribution: Percent UPB
FL 8.87% $3,433,964.34
CA 8.04% $3,113,915.85
IL 5.66% $2,191,896.00
VA 5.33% $2,064,172.33
</TABLE>
RECIPIENTS of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 27 BEAR STEARNS
<PAGE>
CONSECO HOME LOAN TRUST 1999-G
- --------------------------------------------------------------------------------
Terms Sheets & Computational Materials (rev: 11/16 close, 12/15 first payment)
Collateral Characteristics as of the Cut-Off Date
- --------------------------------------------------------------------------------
The information contained herein will be superceded by the
description of the collateral contained in the Prospectus Supplement.
- --------------------------------------------------------------------------------
Distribution of Original Principal Balances of the Loans
as of the Cut-off Date
<TABLE>
<CAPTION>
Number Aggregate % of Aggregate
of Loans Principal Balance Principal Balance
as of the Outstanding as of the Outstanding as of the
Original Principal Balances (in dollars) Cut-off Date Cut-off Date Cut-off Date
- ---------------------------------------- ------------ ---------------------- ---------------------
<S> <C> <C> <C>
Less than $10,000.00.......................... 77 $ 563,949.17 0.38%
$10,000.00 to $19,999.99.......................... 2,121 30,611,747.90 20.39%
$20,000.00 to $29,999.99.......................... 1,900 45,697,586.49 30.44%
$30,000.00 to $39,999.99.......................... 1,024 34,935,534.08 23.27%
$40,000.00 to $49,999.99.......................... 643 27,831,339.34 18.54%
$50,000.00 to $59,999.99.......................... 175 9,117,884.59 6.07%
Greater than $59,999.99.......................... 20 1,382,561.62 0.92%
============= ====================== =====================
Total 5,960 $ 150,140,603.19 100.00%
============= ====================== =====================
</TABLE>
Distribution of Current Principal Balances of the Loans
as of the Cut-off Date
<TABLE>
<CAPTION>
Number Aggregate % of Aggregate
of Loans Principal Balance Principal Balance
as of the Outstanding as of the Outstanding as of the
Current Principal Balance (in dollars) Cut-off Date Cut-off Date Cut-off Date
- -------------------------------------- ------------ ---------------------- ---------------------
<S> <C> <C> <C>
Less than $10,000.00.......................... 280 $ 2,568,636.06 1.71%
$10,000.00 to $19,999.99.......................... 2,068 31,558,084.47 21.02%
$20,000.00 to $29,999.99.......................... 1,819 44,787,535.10 29.83%
$30,000.00 to $39,999.99.......................... 979 33,829,004.12 22.53%
$40,000.00 to $49,999.99.......................... 628 27,336,877.48 18.21%
$50,000.00 to $59,999.99.......................... 168 8,797,214.77 5.86%
Greater than $59,999.99.......................... 18 1,263,251.19 0.84%
============= ====================== =====================
Total 5,960 $ 150,140,603.19 100.00%
============= ====================== =====================
</TABLE>
RECIPIENTS of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 28 BEAR STEARNS
<PAGE>
CONSECO HOME LOAN TRUST 1999-G
- --------------------------------------------------------------------------------
Terms Sheets & Computational Materials (rev: 11/16 close, 12/15 first payment)
Collateral Characteristics as of the Cut-Off Date
- --------------------------------------------------------------------------------
The information contained herein will be superceded by the
description of the collateral contained in the Prospectus Supplement.
- --------------------------------------------------------------------------------
Range of Loan Rates of the Loans
as of the Cut-off Date
<TABLE>
<CAPTION>
Number Aggregate % of Aggregate
of Loans Principal Balance Principal Balance
as of the Outstanding as of the Outstanding as of the
Range of Loan Rates (%) Cut-off Date Cut-off Date Cut-off Date
- ---------------------------------------- ------------ ---------------------- ---------------------
<S> <C> <C> <C>
Less than 9.001.............................. 111 $ 4,237,014.22 2.82%
9.001 to 10.000.............................. 156 5,491,801.02 3.66%
10.001 to 11.000.............................. 311 10,854,707.49 7.23%
11.001 to 12.000.............................. 342 10,866,494.41 7.24%
12.001 to 13.000.............................. 385 11,462,083.60 7.63%
13.001 to 14.000.............................. 752 19,681,600.27 13.11%
14.001 to 15.000.............................. 980 25,232,727.59 16.81%
15.001 to 16.000.............................. 1,188 29,099,239.95 19.38%
16.001 to 17.000.............................. 1,043 21,852,500.50 14.55%
17.001 to 18.000.............................. 545 9,285,943.17 6.18%
18.001 to 19.000.............................. 122 1,693,081.20 1.13%
Greater than 19.000.............................. 25 383,409.77 0.26%
============ ====================== =====================
Total 5,960 $ 150,140,603.19 100.00%
============ ====================== =====================
</TABLE>
Range of Months Remaining to Scheduled Maturity of the Loans
as of the Cut-off Date
<TABLE>
<CAPTION>
Number Aggregate % of Aggregate
of Loans Principal Balance Principal Balance
as of the Outstanding as of the Outstanding as of the
Range of Months Remaining to Scheduled Maturity Cut-off Date Cut-off Date Cut-off Date
- ----------------------------------------------- ------------ ---------------------- ---------------------
<S> <C> <C> <C>
31 to 60.............................. 87 $ 1,204,635.20 0.80%
61 to 90.............................. 64 1,025,546.97 0.68%
91 to 120.............................. 646 12,497,006.09 8.32%
121 to 150.............................. 34 841,407.75 0.56%
151 to 180.............................. 1,332 32,729,278.72 21.80%
181 to 210.............................. 75 1,557,536.63 1.04%
211 to 240.............................. 1,792 38,907,744.13 25.91%
241 to 270.............................. 1 44,259.46 0.03%
271 to 330.............................. 1,925 61,235,174.72 40.79%
331 to 360.............................. 4 98,013.52 0.07%
============== ====================== =====================
Total 5,960 $ 150,140,603.19 100.00%
============== ====================== =====================
</TABLE>
RECIPIENTS of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 29 BEAR STEARNS
<PAGE>
CONSECO HOME LOAN TRUST 1999-G
- --------------------------------------------------------------------------------
Terms Sheets & Computational Materials (rev: 11/16 close, 12/15 first payment)
Collateral Characteristics as of the Cut-Off Date
- --------------------------------------------------------------------------------
The information contained herein will be superceded by the
description of the collateral contained in the Prospectus Supplement.
- --------------------------------------------------------------------------------
Lien Position of the Loans
as of the Cut-off Date
<TABLE>
<CAPTION>
Number Aggregate % of Aggregate
of Loans Principal Balance Principal Balance
as of the Outstanding as of the Outstanding as of the
Lien Position Cut-off Date Cut-off Date Cut-off Date
------------- ------------ --------------------- ---------------------
<S> <C> <C> <C>
First Lien .............................. 41 $ 1,635,380.84 1.09%
Second Lien .............................. 5,291 134,824,921.41 89.80%
Third Lien .............................. 627 13,663,797.87 9.10%
Fourth Lien .............................. 1 16,503.07 0.01%
============ ===================== =====================
Total 5,960 $ 150,140,603.19 100.00%
============ ===================== =====================
</TABLE>
Combined Loan-to-Value Ratios of the Loans
as of the Cut-off Date
<TABLE>
<CAPTION>
Number Aggregate % of Aggregate
of Loans Principal Balance Principal Balance
as of the Outstanding as of the Outstanding as of the
Combined Loan-to-Value Ratio (%) Cut-off Date Cut-off Date Cut-off Date
- -------------------------------- ------------ --------------------- ---------------------
<S> <C> <C> <C>
100.000 to 109.999 .............................. 1,579 $ 31,957,584.71 21.29%
110.000 to 119.999 .............................. 2,110 48,415,953.56 32.25%
120.000 to 129.999 .............................. 1,825 54,285,311.79 36.16%
130 and Greater .............................. 446 15,481,753.13 10.31%
============= ===================== =====================
Total 5,960 $ 150,140,603.19 100.00%
============= ===================== =====================
</TABLE>
RECIPIENTS of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 30 BEAR STEARNS
<PAGE>
CONSECO HOME LOAN TRUST 1999-G
- --------------------------------------------------------------------------------
Terms Sheets & Computational Materials (rev: 11/16 close, 12/15 first payment)
Collateral Characteristics as of the Cut-Off Date
- --------------------------------------------------------------------------------
The information contained herein will be superceded by the
description of the collateral contained in the Prospectus Supplement.
- --------------------------------------------------------------------------------
Geographic Distribution of the Loans
as of the Cut-off Date
<TABLE>
<CAPTION>
Number Aggregate % of Aggregate
of Loans Principal Balance Principal Balance
as of the Outstanding as of the Outstanding as of the
Location Cut-off Date Cut-off Date Cut-off Date
- -------- ------------ ---------------------- ---------------------
<S> <C> <C> <C>
Alabama .............................. 146 $ 3,462,464.07 2.31%
Arkansas .............................. 48 851,808.74 0.57%
Arizona .............................. 230 6,235,388.90 4.15%
California .............................. 518 17,197,928.60 11.45%
Colorado .............................. 158 3,698,970.53 2.46%
Connecticut .............................. 101 2,469,055.75 1.64%
Delaware .............................. 31 982,946.53 0.65%
District of Columbia .............................. 2 21,264.76 0.01%
Florida .............................. 541 13,729,400.60 9.14%
Georgia .............................. 157 4,079,706.72 2.72%
Idaho .............................. 24 445,664.20 0.30%
Illinois .............................. 291 6,819,606.02 4.54%
Indiana .............................. 137 2,915,337.27 1.94%
Iowa .............................. 71 1,392,905.88 0.93%
Kansas .............................. 61 1,102,189.80 0.73%
Kentucky .............................. 63 1,336,775.39 0.89%
Louisiana .............................. 58 1,312,322.92 0.87%
Maine .............................. 40 1,272,335.62 0.85%
Maryland .............................. 150 3,918,914.92 2.61%
Massachusetts .............................. 86 2,163,331.10 1.44%
Michigan .............................. 294 6,420,581.10 4.28%
Minnesota .............................. 129 2,769,372.85 1.84%
Mississippi .............................. 38 847,751.91 0.56%
Missouri .............................. 162 3,010,037.10 2.00%
Montana .............................. 22 438,163.73 0.29%
Nebraska .............................. 55 997,500.40 0.66%
Nevada .............................. 137 3,996,396.28 2.66%
New Hampshire .............................. 18 456,982.24 0.30%
New Jersey .............................. 205 6,353,426.41 4.23%
New Mexico .............................. 42 1,045,441.64 0.70%
New York .............................. 303 8,246,747.94 5.49%
North Carolina .............................. 79 1,936,434.60 1.29%
North Dakota .............................. 14 291,357.98 0.19%
Ohio .............................. 241 5,184,689.64 3.45%
Oklahoma .............................. 60 1,284,787.21 0.86%
Oregon .............................. 60 1,587,003.54 1.06%
Pennsylvania .............................. 274 6,971,327.92 4.64%
Rhode Island .............................. 28 631,156.50 0.42%
South Carolina .............................. 64 1,388,361.47 0.92%
South Dakota .............................. 27 565,624.41 0.38%
Tennessee .............................. 80 1,803,934.50 1.20%
Texas .............................. 10 276,140.88 0.18%
Utah .............................. 30 715,192.10 0.48%
Vermont .............................. 4 105,719.41 0.07%
Virginia .............................. 337 8,858,134.77 5.90%
Washington .............................. 227 6,338,318.75 4.22%
West Virginia .............................. 14 359,552.44 0.24%
Wisconsin .............................. 75 1,504,676.80 1.00%
Wyoming .............................. 18 347,470.35 0.23%
============ ====================== =====================
Total 5,960 $ 150,140,603.19 100.00%
============ ====================== =====================
</TABLE>
RECIPIENTS of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 31 BEAR STEARNS
<PAGE>
CONSECO HOME LOAN TRUST 1999-G
- --------------------------------------------------------------------------------
Terms Sheets & Computational Materials (rev: 11/16 close, 12/15 first payment)
Collateral Characteristics as of the Cut-Off Date
- --------------------------------------------------------------------------------
The information contained herein will be superceded by the
description of the collateral contained in the Prospectus Supplement.
- --------------------------------------------------------------------------------
FICO Scores of the Loans
as of the Cut-off Date
<TABLE>
<CAPTION>
Number Aggregate % of Aggregate
of Loans Principal Balance Principal Balance
as of the Outstanding as of the Outstanding as of the
FICO Scores Cut-off Date Cut-off Date Cut-off Date
- ----------- ------------ --------------------- ---------------------
<S> <C> <C> <C>
Less than 500 .............................. 127 $ 3,095,207.60 2.06%
500 to 519 .............................. 15 312,292.02 0.21%
520 to 539 .............................. 38 748,964.48 0.50%
540 to 559 .............................. 77 1,736,276.15 1.16%
560 to 579 .............................. 161 3,308,514.09 2.20%
580 to 599 .............................. 291 7,011,917.16 4.67%
600 to 619 .............................. 1,023 24,011,118.12 15.99%
620 to 639 .............................. 1,154 28,188,769.30 18.77%
640 to 659 .............................. 1,095 27,845,749.94 18.55%
660 to 679 .............................. 835 22,604,881.42 15.06%
680 to 699 .............................. 519 13,557,865.88 9.03%
700 to 719 .............................. 316 9,035,630.43 6.02%
720 to 739 .............................. 149 4,148,167.65 2.76%
740 to 759 .............................. 84 2,392,123.75 1.59%
760 to 779 .............................. 54 1,552,320.92 1.03%
780 to 799 .............................. 15 425,547.90 0.28%
Greater than 799 .............................. 7 165,256.38 0.11%
============ ===================== =====================
Total 5,960 $ 150,140,603.19 100.00%
============ ===================== =====================
</TABLE>
Debt-to-Income Ratios of the Loans
as of the Cut-off Date
<TABLE>
<CAPTION>
Number Aggregate % of Aggregate
of Loans Principal Balance Principal Balance
as of the Outstanding as of the Outstanding as of the
Debt-to-Income Ratio (%) Cut-off Date Cut-off Date Cut-off Date
- ------------------------ ------------ --------------------- ---------------------
<S> <C> <C> <C>
Less than 11.000 .............................. 30 $ 492,812.15 0.33%
11.000 to 15.999 .............................. 33 660,159.02 0.44%
16.000 to 20.999 .............................. 118 2,769,407.89 1.84%
21.000 to 25.999 .............................. 339 8,419,427.11 5.61%
26.000 to 30.999 .............................. 609 15,331,497.03 10.21%
31.000 to 35.999 .............................. 925 23,049,703.02 15.35%
36.000 to 40.999 .............................. 1,282 34,154,606.31 22.75%
41.000 to 45.999 .............................. 1,498 37,678,468.56 25.10%
46.000 to 50.000 .............................. 751 18,410,490.32 12.26%
Greater than 50.000 .............................. 375 9,174,031.78 6.11%
============ ====================== ====================
Total 5,960 $ 150,140,603.19 100.00%
============ ====================== ====================
</TABLE>
RECIPIENTS of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 32 BEAR STEARNS
<PAGE>
CONSECO HOME LOAN TRUST 1999-G
- --------------------------------------------------------------------------------
Terms Sheets & Computational Materials (rev: 11/16 close, 12/15 first payment)
Collateral Characteristics as of the Cut-Off Date
- --------------------------------------------------------------------------------
The information contained herein will be superceded by the
description of the collateral contained in the Prospectus Supplement.
- --------------------------------------------------------------------------------
Property Types of the Loans
as of the Cut-off Date
<TABLE>
<CAPTION>
Number Aggregate % of Aggregate
of Loans Principal Balance Principal Balance
as of the Outstanding as of the Outstanding as of the
Property Types Cut-off Date Cut-off Date Cut-off Date
- -------------- ------------ --------------------- ---------------------
<S> <C> <C> <C>
Single Family Detached .............................. 5,818 $ 147,771,426.21 98.42%
Manufactured Housing .............................. 90 1,455,192.10 0.97%
Farm .............................. 28 480,895.93 0.32%
Condo .............................. 16 263,481.71 0.18%
3-4 Family .............................. 6 140,465.58 0.09%
Unknown .............................. 2 29,141.66 0.02%
============ ====================== =====================
Total 5,960 $ 150,140,603.19 100.00%
============ ====================== =====================
</TABLE>
Occupancy Status of the Loans
as of the Cut-off Date (1)
<TABLE>
<CAPTION>
Number Aggregate % of Aggregate
of Loans Principal Balance Principal Balance
as of the Outstanding as of the Outstanding as of the
Occupancy Status (1) Cut-off Date Cut-off Date Cut-off Date
- -------------------- ------------ --------------------- ---------------------
<S> <C> <C> <C>
Owner-occupied .............................. 5,960 $ 150,140,603.19 100.00%
Non Owner-occupied .............................. - - 0.00%
============ ===================== =====================
Total 5,960 $ 150,140,603.19 100.00%
============ ===================== =====================
</TABLE>
(1) The occupancy status of a Mortgaged Property is as represented by the
mortgagor in its loan application.
Documentation Level of the Loans
as of the Cut-off Date
<TABLE>
<CAPTION>
Number Aggregate % of Aggregate
of Loans Principal Balance Principal Balance
as of the Outstanding as of the Outstanding as of the
Documentation Level Cut-off Date Cut-off Date Cut-off Date
- ------------------- ------------ --------------------- ---------------------
<S> <C> <C> <C>
Full Documentation .............................. 5,960 $ 150,140,603.19 100.00%
Stated Income or No
Documentation .............................. - - 0.00%
Limited or Lite Documentation .............................. - - 0.00%
============ ===================== ======================
Total 5,960 $ 150,140,603.19 100.00%
============ ===================== ======================
</TABLE>
RECIPIENTS of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 33 BEAR STEARNS
<PAGE>
EXHIBIT 99.2
[LETTERHEAD OF BEAR STEARNS] [LETTERHEAD OF BEAR, STEARNS & CO. INC.]
FAX TRANSMITTAL
CONSECO HOME LOAN TRUST 1999-G
------------------------------
[GREEN TREE LOGO]
Confidential Computational Materials (rev: 11/16 close, 12/15 first payment)
- --------------------------------------------------------------------------------
Fax to: Date: 10/29/99
Company: # Pages (incl. cover): 5
Fax No: Phone No:
- --------------------------------------------------------------------------------
From: Phone No:
- --------------------------------------------------------------------------------
STATEMENT REGARDING ASSUMPTIONS AS TO
SECURITIES, PRICING ESTIMATES, AND OTHER INFORMATION
The information contained in the attached materials (the "Information") may
include various forms of performance analysis, security characteristics and
securities pricing estimates for the securities addressed. Please read and
understand this entire statement before utilizing the Information. The
Information is provided solely by Bear Stearns, not as agent for any issuer, and
although it may be based on data supplied to it by an issuer, the issuer has not
participated in its preparation and makes no representations regarding its
accuracy or completeness. Should you receive Information that refers to the
"Statement Regarding Assumptions and Other Information," please refer to this
statement instead.
The Information is illustrative and is not intended to predict actual results
which may differ substantially from those reflected in the Information.
Performance analysis is based on certain assumptions with respect to significant
factors that may prove not to be as assumed. You should understand the
assumptions and evaluate whether they are appropriate for your purposes.
Performance results are based on mathematical models that use inputs to
calculate results. As with all models, results may vary significantly depending
upon the value of the inputs given. Inputs to these models include but are not
limited to: prepayment expectations (economic prepayment models, single expected
lifetime prepayments or a vector of periodic prepayments), interest rate
assumptions (parallel and nonparallel changes for different maturity
instruments), collateral assumptions (actual pool level data, aggregated pool
level data, reported factors or imputed factors), volatility assumptions
(historically observed or implied current) and reported information (paydown
factors, rate resets, and trustee statements). Models used in any analysis may
be proprietary making the results difficult for any third party to reproduce.
Contact your registered representative for detailed explanations of any modeling
techniques employed in the Information.
The Information addresses only certain aspects of the applicable security's
characteristics and thus does not provide a complete assessment. As such, the
Information may not reflect the impact of all structural characteristics of the
security, including call events and cash flow priorities at all prepayment
speeds and/or interest rates. You should consider whether the behavior of these
securities should be tested as assumptions different from those included in the
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collateral, may be modified from time to time to reflect changed circumstances.
Any investment decision should be based only on the data in the prospectus and
the prospectus supplement or private placement memorandum (Offering Documents)
and the then current version of the Information. Offering Documents contain data
that is current as of their publication dates and after publication may no
longer be complete or current. Contact your registered representative for
Offering Documents, current Information or additional materials, including other
models for performance analysis, which are likely to produce different results,
and any further explanation regarding the Information.
Any pricing estimates Bear Stearns has supplied at your request (a) represent
our view, at the time determined, of the investment value of the securities
between the estimated bid and offer levels, the spread between which may be
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readily ascertainable to produce a hypothetical price based on the estimated
yield spread relationship between the securities.
General Information: The data underlying the Information has been obtained from
sources that we believe are reliable, but we do not guarantee the accuracy of
the underlying data or computations based thereon. Bear Stearns and/or
individuals thereof may have positions in these securities while the Information
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prospectus when required by law, in which event you may obtain such prospectus
from Bear Stearns.
<PAGE>
CONSECO HOME LOAN TRUST 1999-G
- --------------------------------------------------------------------------------
Term Sheets & Computational Materials (rev: 11/16 close, 12/15 first payment)
SECURITIES (Priced to 20% Optional Repurchase Date (1))
=======================================================
Class B-1 Class B-2
- -------------------------------------------------------
Size (2) $[14,437,000] $[19,938,000]
Rating [BBB/Baa2] [BBB-/Ba1]
Pmt. Frequency Monthly Monthly
Payment Date 15th of month 15th of month
Dated Date (3) n/a, settle n/a, settle
flat flat
Record Date day before day before
pmt. date pmt. date
Coupon (4) [_._]% 30/360 [_._]% 30/360
Avg. Life
(call) 6.83 6.83
Mod. Duration
(call) 4.36 4.36
Avg. Life
(maturity) 7.69 7.69
Mod. Duration
(maturity) 4.61 4.61
1st Prin.
Pmt. Date (call) 12/15/03 12/15/03
Last Prin.
Pmt. Date (call) 03/15/08 03/15/08
Last Prin.
Pmt. Date
(mat.) 06/15/13 06/15/13
Prin. Lockout 48 mo. 48 mo.
Prin. Window
(call) 52 mo. 52 mo.
Prin. Window
(maturity) 115 mo. 115 mo.
Legal Final __/__/__ __/__/__
Credit oExcess Spread oExcess Spread
Enhancement o1.50% Init.OC o1.50% Init.OC
oSubordination oLtd. Guty.
Tax Status Debt for Tax Debt for Tax
ERISA (5) / TBD / TBD /
SMMEA No No
=======================================================
(1) Class B-1 and B-2 priced to the 20 % optional repurchase date.
(2) Bonds subject to a 5% variance.
(3) Notes will settle flat via DTC, Euroclear and Cedel.
(4) Interest shortfalls will be carried forward, and will bear interest at the
applicable Note Interest Rate, to the extent legally permissible.
(5) ERISA eligibility for Class B-1 and B-2 to be determined.
RECIPIENTS of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 2 BEAR STEARNS
<PAGE>
CONSECO HOME LOAN TRUST 1999-G
- --------------------------------------------------------------------------------
Terms Sheets & Computational Materials (rev: 11/16 close, 12/15 first payment)
SENSITIVITY TABLES
<TABLE>
<CAPTION>
Class B-1 (to 20 % Optional Repurchase)
- ------------------------------------------------------------------------------------------------------------------------------------
% Prepayment Assumption: 0% 75% 100% 125% 150% 175% 200%
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Illustrative Yield @ Par (30/360) 12.304% 12.304% 12.304% 12.304% 12.304% 12.304% 12.304%
Average Life (years) 18.39 8.52 6.83 6.05 5.45 4.90 4.45
Modified Duration (years) 7.02 4.99 4.36 4.05 3.78 3.51 3.27
First Principal Payment 03/15/14 01/15/05 12/15/03 12/15/03 12/15/03 12/15/03 12/15/03
Last Principal Payment 12/15/19 03/15/10 03/15/08 10/15/06 10/15/05 12/15/04 05/15/04
Principal Lockout (months) 171 61 48 48 48 48 48
Principal Window (months) 70 63 52 35 23 13 6
- ------------------------------------------------------------------------------------------------------------------------------------
Class B-2 (to 20 % Optional Repurchase)
- ------------------------------------------------------------------------------------------------------------------------------------
% Prepayment Assumption: 0% 75% 100% 125% 150% 175% 200%
- ------------------------------------------------------------------------------------------------------------------------------------
Illustrative Yield @ Par (30/360) 12.304% 12.304% 12.304% 12.304% 12.304% 12.304% 12.304%
Average Life (years) 18.39 8.52 6.83 6.05 5.45 4.90 4.45
Modified Duration (years) 7.02 4.99 4.36 4.05 3.78 3.51 3.27
First Principal Payment 03/15/14 01/15/05 12/15/03 12/15/03 12/15/03 12/15/03 12/15/03
Last Principal Payment 12/15/19 03/15/10 03/15/08 10/15/06 10/15/05 12/15/04 05/15/04
Principal Lockout (months) 171 61 48 48 48 48 48
Principal Window (months) 70 63 52 35 23 13 6
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
RECIPIENTS of these Computational Materials must read and acknowledge the
attached document "STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION" before using or relying on the information
contained herein. In addition, recipients of these Computational Materials may
only use or rely on the information contained herein if read in conjunction with
the related Prospectus and Prospectus Supplement. If you have not received the
statement described above or the related Prospectus and Prospectus Supplement,
please contact your account executive at Bear, Stearns & Co. Inc.
Page 3 BEAR STEARNS
<PAGE>
CONSECO HOME LOAN TRUST 1999-G
- --------------------------------------------------------------------------------
Terms Sheets & Computational Materials (rev: 11/16 close, 12/15 first payment)
DECREMENT TABLE
<TABLE>
<CAPTION>
Class B-1 to 20% Optional Repurchase
% Prepayment Assumption 0% 75% 100% 125% 150% 175% 200%
--------------------------------------------------------------------------------------
Distribution Date
-----------------
<S> <C> <C> <C> <C> <C> <C> <C>
Initial Percentage 00 100 100 100 100 100 100
11/15/00 00 100 100 100 100 100 100
11/15/01 00 100 100 100 100 100 100
11/15/02 00 100 100 100 100 100 100
11/15/03 00 100 100 100 100 100 100
11/15/04 00 100 81 77 73 68 0
11/15/05 00 86 65 59 0 0 0
11/15/06 00 72 52 0 0 0 0
11/15/07 00 60 41 0 0 0 0
11/15/08 00 49 0 0 0 0 0
11/15/09 00 40 0 0 0 0 0
11/15/10 00 0 0 0 0 0 0
11/15/11 00 0 0 0 0 0 0
11/15/12 00 0 0 0 0 0 0
11/15/13 00 0 0 0 0 0 0
11/15/14 92 0 0 0 0 0 0
11/15/15 83 0 0 0 0 0 0
11/15/16 74 0 0 0 0 0 0
11/15/17 63 0 0 0 0 0 0
11/15/18 51 0 0 0 0 0 0
11/15/19 39 0 0 0 0 0 0
11/15/20 0 0 0 0 0 0 0
11/15/21 0 0 0 0 0 0 0
11/15/22 0 0 0 0 0 0 0
11/15/23 0 0 0 0 0 0 0
11/15/24 0 0 0 0 0 0 0
11/15/25 0 0 0 0 0 0 0
11/15/26 0 0 0 0 0 0 0
11/15/27 0 0 0 0 0 0 0
11/15/28 0 0 0 0 0 0 0
11/15/29 0 0 0 0 0 0 0
Weighted Average Life to Maturity
(in years)(1) 19.20 9.45 7.69 6.98 6.45 6.03 5.71
Weighted Average Life to Optional Repurchase
(in years) (1) 18.39 8.52 6.83 6.05 5.45 4.90 4.45
</TABLE>
* indicates greater than zero but less than 0.5%.
(1) The weighted average life of a Note is determined by (i) multiplying the
amount of each distribution in reduction of the related Note Principal Balance
by the number of years from the date of issuance of the Note to the related
Distribution Date, (ii) adding the results, and (iii) dividing the sum by the
original principal balance of the Notes.
Page 4 BEAR STEARNS
<PAGE>
CONSECO HOME LOAN TRUST 1999-G
- --------------------------------------------------------------------------------
Terms Sheets & Computational Materials (rev: 11/16 close, 12/15 first payment)
DECREMENT TABLE
<TABLE>
<CAPTION>
Class B-2 to 20% Optional Repurchase
% Prepayment Assumption 0% 75% 100% 125% 150% 175% 200%
--------------------------------------------------------------------------------------------------
Distribution Date
<S> <C> <C> <C> <C> <C> <C> <C>
Initial Percentage 100 100 100 100 100 100 100
11/15/00 100 100 100 100 100 100 100
11/15/01 100 100 100 100 100 100 100
11/15/02 100 100 100 100 100 100 100
11/15/03 100 100 100 100 100 100 100
11/15/04 100 100 81 77 73 68 0
11/15/05 100 86 65 59 0 0 0
11/15/06 100 72 52 0 0 0 0
11/15/07 100 60 41 0 0 0 0
11/15/08 100 49 0 0 0 0 0
11/15/09 100 40 0 0 0 0 0
11/15/10 100 0 0 0 0 0 0
11/15/11 100 0 0 0 0 0 0
11/15/12 100 0 0 0 0 0 0
11/15/13 100 0 0 0 0 0 0
11/15/14 92 0 0 0 0 0 0
11/15/15 83 0 0 0 0 0 0
11/15/16 74 0 0 0 0 0 0
11/15/17 63 0 0 0 0 0 0
11/15/18 51 0 0 0 0 0 0
11/15/19 39 0 0 0 0 0 0
11/15/20 0 0 0 0 0 0 0
11/15/21 0 0 0 0 0 0 0
11/15/22 0 0 0 0 0 0 0
11/15/23 0 0 0 0 0 0 0
11/15/24 0 0 0 0 0 0 0
11/15/25 0 0 0 0 0 0 0
11/15/26 0 0 0 0 0 0 0
11/15/27 0 0 0 0 0 0 0
11/15/28 0 0 0 0 0 0 0
11/15/29 0 0 0 0 0 0 0
Weighted Average Life to Maturity
(in years) (1) 19.20 9.45 7.69 6.98 6.45 6.03 5.71
Weighted Average Life to Optional Repurchase
(in years) (1) 18.39 8.52 6.83 6.05 5.45 4.90 4.45
</TABLE>
* indicates greater than zero but less than 0.5%.
(1) The weighted average life of a Note is determined by (i) multiplying the
amount of each distribution in reduction of the related Note Principal Balance
by the number of years from the date of issuance of the Note to the related
Distribution Date, (ii) adding the results, and (iii) dividing the sum by the
original principal balance of the Notes.
Page 5 BEAR STEARNS
